Morgan Stanley Asia Pacific Chief Strategist Jonathan Garner: Heavyweight meeting releases strong signals to boost the economy, Chinese stock market expected to benefit from dual positives

On September 27th, the A-share market sentiment continued to be high, with the SSE Index and the ChiNext Index continuing to rise. The total turnover of the Shanghai and Shenzhen stock markets exceeded 1.4 trillion yuan, breaking the 1 trillion yuan mark for three consecutive trading days. Xu Changtai, Chief Strategist of Morgan Stanley Investment Management Asia Pacific, stated that heavyweight meetings have released strong signals supporting economic growth and asset prices, paving the way for further policy support and increasing the likelihood of an upward economic cycle by 2025. Against the backdrop of overvalued global market prices and the potential impetus of the Fed rate cut, Chinese assets are expected to become a preferred choice for global fund allocation. Compared to the A-share market, the Hong Kong stock market has reacted more positively. With the potential impetus of the Fed rate cut, Chinese assets are expected to become a preferred choice for global fund allocation. (Securities China)