Investors bullish on A-share market, housing prices in Q3 – Chinadaily.com.cn

2020-9-24 - 48 Views


Liu Jin, professor and deputy head of CKGSB, delivers a speech at a news conference on Wednesday. [Photo provided to chinadaily.com.cn]

Investors in China are more positive on A-share market and housing prices in the third quarter than the second quarter this year, said a recent industry report.

About 58.5 percent investors surveyed in the third quarter held the view that the A-share market will rise in the next year, up 7.3 percentage points compared with that in the second quarter this year. Around 74 percent investors surveyed had the opinion that housing prices will rise in the future, up 21 percentage points compared with that in the second quarter this year, said the report.

According to the report, investors’ willingness to invest in stocks has increased significantly, while they showed less interested in conservative investments.

The report on investors’ sentiment was released on Wednesday by Cheung Kong Graduate School of Business. It surveyed 2,500 investors from 13 cities across China. The report is released on quarterly basis since 2018.

Liu Jin, professor and deputy head of CKGSB, said, “We suggests investors to increase investment on safe haven assets such as gold considering lingering global uncertainties on economy, companies that were undervalued but have long-term value of investment, and companies in the field of high technology, especially in areas whose tech products were heavily relied on imports.”

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