Date
17 October 2017

CICC rosy on A-share market in 2014, paper says

China International Capital Corp. (CICC) expects the Shanghai Composite Index to achieve an annualized 20 percent return next year, projecting the index to hit double-digit yields for the first time in four years, the 21st Century Business Herald reported Friday, citing CICC’s 2014 A-share investment outlook report. CICC research head Liang Hong said the corporation is paying more attention to A shares and it’s the first time it has taken a positive position on the sector. A share companies are expected to average 15.2 profit growth in 2014, the report added. Several private equity firms are taking a more cautious stand, urging investors to tread carefully in the A-share market, the report said.

– Contact HKEJ at [email protected]

EL/AC/SK

 

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