Harvest Global Investment sees the MSCI China Index rising as much as 33 per cent in 2023 as policy stimulus kicks in.

They are more bullish than Wall Street forecasters, with both $Goldman Sachs (GS.US)$ and $Morgan Stanley (MS.US)$ seeing the index rising 9 per cent in 2023 from current levels. $Bank of America (BAC.US)$ said there’s room for market valuation, now at about 10 times future earnings, to expand.

China’s economic reopening, backed by measures to roll back zero-Covid regimens and efforts to shore up financing for cash-strapped homebuilders, have fuelled optimism that the two-year rout in Chinese stocks has run its course.

$MSCI Chinese Index (LIST2614.US)$ $Meituan ADR (MPNGY.US)$ $MEITUAN-W (03690.HK)$ $TENCENT (00700.HK)$ $Tencent (TCEHY.US)$ $Alibaba (BABA.US)$ $BABA-W (09988.HK)$ $JD.com (JD.US)$ $JD-SW (09618.HK)$ $CCB (00939.HK)$ $CHINA CONST BK (CICHY.US)$

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whqqq : When the stock price rises, there is not much noise. When it falls, many people jump out

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