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Sunday, January 21, 2001, updated at 15:58(GMT+8) | |||||||||||||
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Bullish A-Share & B-Share Market Expected: Financial ExpertChina's A and B share markets will continue a booming trend this year, said Zhang Liping, manager of the China Securities Research Department of the Hong Kong & Shanghai Banking Corporation (HSBC).Speaking at a seminar on the HSBC financial market and new economy, the financial expert said there will be new structural development in China's stocks market this year and opportunities will be produced for many listed companies by China's expected high-speed economic growth and the further reform of State-owned enterprises (SOEs) and banks. The expert based her rosy forecast of the stock market on the following elements: But compared with the B-share market, the expert points out, the A-share market will be of greater risk due to its high profit margin as well as loopholes in the current stock market supervision mechanism. The investors are suggested to choose the B-share enterprises as their long-term investment targets. The HSBC expert also proposed to invest heavily in telecommunications, financial services including banks, insurance and securities, energy and chemical industries, science and technology excluding the Internet, and real estate sector. Source: China Daily
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