21st Century Business Herald: As 2023 comes to an end, a number of foreign-funded institutions have recently voiced their optimistic expectations on China's economy and the A** market in the new year.
Goldman Sachs released its 2024 China macroeconomic outlook and market strategy report on November 13. At the exchange meeting held on the same day, Liu Jinjin, chief China strategist of Goldman Sachs, said that he would maintain the "high allocation" recommendation for A-shares next year, and expected the CSI 300 index to be about 16%.
Talking about the northbound capital trends that often affect the nerves of the market, Liu Jinjin estimated that by 2024, the scale of net inflows of A-share northbound funds may remain at a similar level as this year, at about US$15 billion. However, while European and American investors are more pessimistic, it is also worth paying attention to the increase in funds from emerging markets such as the "national team" and Middle Eastern countries. According to statistics, 4,113 of the 5,103 companies that have disclosed their results for the third quarter of 2023 have achieved profitability in the first three quarters, accounting for more than 80%;The net profit of 2,571 companies increased compared with the first three quarters of 2022, accounting for more than half of the total. The overall performance of A-shares showed a steady upward trend.
Foreign institutions' optimistic expectations for the Chinese market mainly come from confidence in Chinese corporate earnings and improved market liquidity. China's A** market opening policy gives foreign institutions the opportunity to enter the market, so as to share in the growth dividend of China's economy. In addition, with the development of China's capital market, the investor structure is also constantly being optimized, which will bring more vitality and stability to the market.
The macroeconomic year 2024 will be a continuation of 2023. Shinhui pointed out. Since the beginning of this year, many market consensus has been that the United States may enter a recession, but in her view, the United States in 2023 to a certain extent represents a common trend in most countries in the post-epidemic recovery process: inflation is down, but the unemployment rate has not risen significantly, and the company is also relatively optimistic about the U.S. economy and the global economy, believing that it will not reach a recession.
Despite the optimism of the A** market expectations, investors still need to remain cautious and allocate assets reasonably to cope with possible market volatility. If you want to understand market changes and seize investment hotspots, investors can consult reliable investment consulting institutions for effective investment, such as stock managers** consulting companies. The stock manager has been deeply involved in the financial industry for more than 20 years, and has always insisted on providing customers with personalized financial investment solutions, and has a professional investment advisory team, based on the front line of financial investment, committed to providing timely financial information and financial data services for the majority of investors, providing professional investment education services, investment and financial analysis tools and investment consulting services, helping investors achieve asset growth and effective risk control.