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From:ChinaDaily | 2021-01-12 08:53
China s A-share market is likely to see a bullish trend in the next 12 months, thanks to steady growth in household assets used for equity investments and higher foreign capital inflows, a new study from UBS Investment Research, a unit of Swiss investment firm UBS, said on Monday.
The CSI 300 index, which tracks the largest companies listed on the Shanghai and Shenzhen bourses, will rise by 13 percent this year, according to UBS. While Chinese households allocated about 17 percent of their assets to equities, funds and insurance in 2020, the rate will gradually increase over the next few years, with the rate expected to touch 21 percent in 2025.