The well-known hedge fund Eurizon SLJ Capital released a report on April 13, stating that the Chinese stock market is expected to rise by 10% by the end of 2026, benefiting from supportive policies, low valuations, and expectations of a bottoming out in the real estate market.
This judgment is largely in line with previous predictions from Goldman Sachs and JPMorgan Chase, the latter of which had anticipated that the CSI 300 would rise to 5,200 points by 2026, representing an approximate 10% increase from current levels.
The report's author, CEO Stephen Jen (the proponent of the &#34;Dollar Smile Theory&#34;), pointed out that this year may witness a bottoming out of the Chinese real estate market, with exports driving significant growth in corporate profits. Regulatory policies are boosting confidence, laying the groundwork for a 5%-10% increase in corporate earnings; a contraction in real estate supply coupled with a recovery in demand, along with high household savings, are providing new momentum for the Chinese stock market. If the conflict in the Middle East subsides, it will create additional benefits.
Stephen Jen had previously predicted in August 2024 that the Federal Reserve's interest rate cuts would lead to a trillion-dollar capital inflow back to China, followed by a significant rebound in A-shares and Hong Kong stocks during the &#34;9.24&#34; market, with foreign capital shifting from two consecutive years of net selling to a net inflow of over $10 billion.
Currently, there are 30 ETFs tracking the CSI 300 Index, among which the Huaxia CSI 300 ETF (510330.SH) has a large scale, good liquidity, and low fees (management fee of 0.15% per year); the off-exchange connecting fund is the Huaxia CSI 300 ETF Connect C (005658.OF), which has no subscription fee and no redemption fee if held for more than 7 days

399001

000001

000300

The well-known hedge fund Jige Capital predicts that the Chinese stock market is expected to rise by 10% by the end of 2026, benefiting from supportive policies, low valuations, and expectations of a bottoming out in the real estate sector. This judgment is consistent with the predictions of Goldman Sachs and JPMorgan Chase. CEO Stephen Jen pointed out that regulatory policies will boost corporate profits, and the contraction in real estate supply along with a recovery in demand will provide new momentum for the stock market. Additionally, if the conflict in the Middle East calms down, it will create further benefits

腾讯新闻 - 财经

Shenzhen Index

SSE Index

CSI 300

Goldman Sachs

GOLDMAN SACHS GROUP INC DEP SHR REP 1/1000TH PFD SER A

GOLDMAN SACHS GROUP INC DEP SHS REPSTG 1/1000TH PRF SER C

GOLDMAN SACHS GROUP INC DEP REP 1/1000TH PRF D

JPMorgan Chase

Yinhua CSI All Share Investment Banking & Brokerage ETF

SPDR S&P China

Fullgoal CSI 800 Banks ETF

CAM CSI300

Hwabao WP CSI Banks ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

ChinaAMC CSI Banks ETF

Huaan CSI Banks ETF

iShares China Large Cap

Xtrk Hrvt Csi 300 Chn

VanEck China Bond ETF

iShares MSCI China

Krne Csi China Internet

WP CSI Banks ETF

E Fund CNI Value 100 ETF

Guotai CSI All Share Investment Banking & Brokerage ETF

Fortune SG SSE 180 Value ETF

The founder of the "Dollar Smile" latest prediction: China's stock market is about to rise by 10%