HSBC: A-shares will rock on to 2010

Jul 22, 2009

Loan cash and stimulus money are not going to waste, but are creating a 'wealth effect' that will continue to drive stock prices further, argues George Yan.

A-shares may have gone up by 80% year-to-date, but it's still premature to call for a correction. On the contrary, fund managers at HSBC in Shanghai and Hong Kong say the economic fundamentals are likely to support further corporate earnings upside. The A-share market may very well rock into next year.

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