瑞銀:內地政策目標聚焦重回復甦軌道 足以推動市場情緒反彈
瑞銀財富管理亞太區投資總監辦公室發表報告指,內地政策目標更有可能聚焦於重回復甦軌道,而不是強力刺激增長,但認為已足以推動市場情緒反彈,並仍然看好中國股票。
報告指,內地仍需推出更多刺激措施以重振信心,不過目標很可能是穩增長,而不是刺激經濟加速增長。令人鼓舞的是,最近內地政府舉措以及釋出的論調,比如調降政策利率、延期償還房貸、對互聯網公司和民營企業表達支持,都表明隨著7月底中央政治局會議臨近,決策者有望加大政策支持力度。
該行認為,即使規模可能有限,全方位的政策組合,涵蓋貨幣和財政刺激,包括基礎設施、房地產、消費以及結構性改革,在重建信心和加速資產負債表修復方面也比傳統的順週期刺激更有效。例如,倘若未相應推出財政措施來刺激需求,進一步降息的效果將非常有限。同樣,需求端房地產措施可能局限於二線及以下城市,但倘若消費者信心改善,這些措施有望在遏制房地產下滑方面發揮更大作用。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.