JPMorgan is 'positive' on China stocks and 'constructive' on real estate as Beijing props up markets

JPMorgan's view on China stocks is "tilted in the positive direction," said Wendy Liu, the firm's chief Asia and China equity strategist.

A real estate construction site in Wanxiang City, Huai 'an City, East China's Jiangsu province, May 17, 2024.JPMorgan is "positive" on China stocks and "constructive" on its real estate sector as the world's second-largest economy strives to prop up its equity and property markets. China's CSI300 equity benchmark hit an eight-month high on Monday, and is up 4.97% so far this year at 3,601.48. Liu, who expects the index to hit 3,900 by the end of the year, said that China market was still "among the cheapest" in Asia Pacific.

Under Wu, the CSRC has established tighter rules for the listing and delisting of companies, as well as issuing warnings to firms with insufficient dividend policies.

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