CLSA tips China, HK stock markets to rally 20% in 2011

Dec 21, 2010

Francis Cheung cites expected stabilisation in money supply and social housing plans as reasons to be optimistic about equity markets in China and Hong Kong next year.

Stock markets in China and Hong Kong will rally more than 20% next year on the back of Beijing’s ambitious social housing plan and expected stabilisation in money supply following action to curb inflation, forecasts brokerage CLSA.

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