Nomura and several foreign institutions have upgraded their ratings on Chinese stocks

Since September 24, a series of incremental policies have been intensively introduced and gradually taking effect. While improving the momentum of China's economic growth, it has also promoted the release of vitality in the A-share market. Recently, many foreign institutions have expressed optimistic expectations for China's economic growth and have raised their ratings for Chinese assets. On November 13, Nomura's Chief China Economist Lu Ting raised the forecast for China's GDP growth in the fourth quarter and for the whole year in his latest views. Previously, UBS and JP Morgan had also raised their expectations for China's economic growth this year. The policy efforts have also boosted the confidence of all parties involved in the capital market. Swiss asset management chief strategist Lu Bo Le raised the rating of Chinese stocks from "neutral" to "overweight," citing a strong economic outlook. (Shanghai Securities Journal)