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.
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