Market news today said that the fiscal deficit ratio may increase to 4% next year, which will be a record high; at the same time, the GDP growth target of around 5% will be maintained.
Debon Securities believes that a proactive fiscal policy may form a synergy with monetary policy, and fiscal policy is expected to effectively create incremental demand and give full play to the enthusiasm of the central and local governments, as well as the onbudget and offbudget sectors. It is expected that the deficit ratio will increase to 3.8%4.0% next year.
Previously, many foreign giants such as Goldman Sachs, UBS, and Morgan new zealand mobile number list Asset Management have been bullish on China.
Among them, Goldman Sachs predicts that the MSCI China Index and the CSI 300 Index will rise by 15% and 13% respectively next year.
In , a series of policies will be introduced to promote an upward revaluation of Ashare valuations, while in , policy implementation will be needed to boost corporate profit growth and a higher stock market.
Policydriven capital inflows may accelerate next year, and enterprises, domestic individual investors, southbound funds, etc. may increase their stock market holdings. Therefore, the bank maintains its investment recommendation of overweight Chinese assets.