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《大行報告》花旗料受益內地政府報告行業包括消費及互聯網 首選金沙及周大福等
花旗發表研究報告指,政府工作報告(GWR)將今年經濟增長目標設定在約5%的保守水平,相信並不需要大規模的財政刺激或進取的貨幣寬鬆來實現。該行對此並不感意外,但認為該目標或會讓投資者失望。另GWR中期強調產業升級、民企、重新開放和吸引外國直接投資等方面,這可能會成為新團隊政策思路的考慮因素。 另外,該行提到,增長目標低於預期意味著政策制定者不願過度刺激經濟,而預算細節亦表明政府的債券供應量增加、利率上升、貿易差額收窄的空間。該行繼續預期更高的中國利率和更低的CFETS人民幣匯率指數,認為消費、互聯網、清潔能源、自動化、醫療保健和交通運輸相關的行業將會受惠於內地政府報告,看好金沙中國(01928.HK)、周大福(01929.HK)、滔搏(06110.HK)、京東集團(09618.HK)、用友軟件(600588.SH)、隆基綠能(601012.SH)、錦欣生殖(01951.HK)及中國國航(00753.HK)。
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