China Aims to End Age-of-Froth That Has Plagued Its Stock Market bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Thats the view from nine of 15 respondents in an informal Bloomberg News survey of analysts and money managers based in Hong Kong and mainland China. Six of them listed housing woes as the biggest risk for equities for the final quarter of 2023. Geopolitical tensions emerged as the second-biggest concern.
SHANGHAI: Earnings from Chinese firms have shown resilience under harsh lockdowns, but traders are zeroing in on pockets of disappointment and dumping stocks while analysts continue to trim forward estimates.