Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi Expects Brokers to Benefit from Household Asset Reallocation to Equities; Top Picks CICC, CGS
Recommend 21 Positive 28 Negative 9 |
||||
|
||||
|
Since the People's Bank of China launched the Securities, Funds and Insurance Companies Swap Facility (SFISF) on September 24, 2024, there has been a positive impact on the real estate market and consumption, according to Citi's research report. Citi has observed signals from regulators aiming to use the stock market to create a wealth effect and boost household consumption. In its estimates, equity investments accounted for just 2.9% of total household assets (RMB574 trillion), much lower than the 24.7% seen in the US. Seeing multiple policy efforts driving a reallocation of household assets toward equities, Citi expected that over RMB5 trillion in capital could flow into the stock market for every 1 ppt rise in the share of equities in household asset allocation. Citi preferred large brokers with M&A themes and those likely to benefit from a rebound in Hong Kong IPOs. Its top picks were CICC (03908.HK) and CGS (06881.HK). AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
