An issue that's frequently come up in my five years in China is how hard it is for many businesses to get a loan. That's partly because the big banks are state-owned and have preferred to lend to fellow state-owned enterprises. The local system for assessing creditworthiness is also still developing. While financing conditions for non-state-owned enterprises have improved over the years, one adage hasn't changed: Banks will stick to policy directives.
analysts said of a few of its buy-rated names in a recent report. Three of the oversold names, all listed in in mainland China, fall into the broad advanced manufacturing trend. Sungrow Power — the renewable energy company claims to have the world's largest factory for solar inverters, the tech that converts solar power into useable electricity.
has a price target of 147.00 yuan, for a nearly 70% upside from Friday's close Midea — the home appliance giant was selected by the World Economic Forum as part of its "Global Lighthouse Network," a group of companies integrating automation and artificial intelligence to improve efficiency. The forum considers such tech part of the so-called fourth industrial revolution.
has a price target of 70.00 yuan, for upside of 27% from Friday's close Yonyou — the enterprise software company sells management systems, including for manufacturing. has a price target of 30.50 yuan, for upside of nearly 80% from Friday's close. Wind Information, the primary financial database in China, has a "Fourth Industrial Revolution Index" of mainland China-listed stocks — a basket that's up by more than 20% so far this year.