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匯豐私銀:中美元首通話釋出正面訊息 港股仍有上升空間
阿思達克 06-06 12:38
中美元首隔晚(5日)通話,匯豐環球私人銀行及財富管理亞洲區首席投資總監范卓雲認為,雙方都釋出較正面的訊息,冀望爭取盡快重啟談判,包括中方將邀請特朗普訪中,並強調中美謀求改善關係,反映雙方都希望舒緩之前因關稅問題引的緊張關係,令局勢有降溫趨勢。 她重申對恆指今年底目標25,830點,恆指有相當大的市值由中資企業盈利推動,而這些企業不少能受惠人工智能等熱潮,因此認為港股仍有上升空間。 范卓雲補充指,增持那些受內需驅動和刺激政策支持的亞洲股市,包括中國、印度和新加坡,它們對美國的商品出口銷售收入僅佔其股市總收入的2.2%、3.3%和2%。 匯豐環球私人銀行及財富管理北亞首席投資總監何偉華指出,中美貿易談判不會拖慢北京為支持國內消費而採取的政策刺激措施、在民營板塊中,中國領先科技企業已宣布新一輪計劃增加對人工智能投資的資本支出。該行認為,中國股市盈利將持續改善,並受惠於人工智能創新和政策刺激而有望獲進一步估值重估。 匯豐環球私人銀行發表第三季投資展望,下半年該行對環球股票持偏高比重配置,當中對美國、中國、印度、新加坡和阿聯酋股票持偏高比重配置。美國和中國股市將受益於人工智能普及應用和商業化的結構增長機會。 在債券方面,該行對英國國債和歐洲投資級別債券持偏高比重配置,對美國國債和美國企業債券持中性觀點。通過對黃金和對沖基金持偏高比重配置、偏好優質債券、以及策略配置於私募股權、私募信貸和基礎設施,以緩減對等關稅和美國政府債務問題的尾部風險。對美元持中性觀點,並專注於以對沖基金和波幅策略對沖貨幣的雙向波動。 該行亦提出第三季四大優先投資策略,包括通過更多元化地區及行業持倉重建股票配置;捕捉人工智能應用及商業化趨勢中擴展全球的機遇;通過另類投資、多元資產及波幅策略降低貨幣及投資組合風險;發掘亞洲本土韌性及結構增長機遇。
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