Start of a profit and valuation recovery?
Despite that China's benchmark Shanghai Composite Index of the Shanghai Stock Exchange fell more than 15 percent last year due to various market uncertainties, foreign financial institutions remain sanguine about their 2023 prospects in the Chinese capital market. Their confidence, market mavens said, stems from signs that China's economy will stabilize even more going forward, on the back of continual optimization of the COVID-19 control measures.