Wall Street banks see 7-10% upside left in China stocks

Wall Street banks see 7-10% upside left in China stocks

Investing.com -- According to HSBC analysts, China stocks still have the potential for a 7-10% upside by the end of 2024, driven by new policy tools and fiscal support from the People's Bank of China .

The HSBC analysts note that China's recent Politburo meeting stressed the importance of supporting growth through countercyclical fiscal and monetary policies. The analysts project that a Fed cut cycle, barring a US recession, could see China equities rise by as much as 25%, with growth stocks outperforming value stocks.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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