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<Research>JPM Upbeat About CN Banks & Brokers, Recommends Barbell Strategy
Recommend 11 Positive 27 Negative 8 |
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JPMorgan has released a research report expressing a positive outlook on Chinese banks and brokers. The broker recommended investors adopt the barbell strategy for Chinese financial stocks. This strategy involves investing in both high-risk and low-risk assets, with expectations that market asset rotation and increased excess liquidity will be key drivers for stock market growth. Among Chinese brokers, JPMorgan's top picks were CICC (03908.HK), EAST MONEY (300059.SZ), and HTSC (06886.HK). CICC is anticipated to be the biggest beneficiary from the recovery of the IPO market and improved market conditions in Mainland China and Hong Kong, which lead to growth in equity investment returns. Predicting high-yield stocks to regain momentum in 4Q25, JPMorgan picked CMB (600036.SH) as its top pick among Chinese banks. It also favored ICBC (01398.HK), BANK OF CHINA (03988.HK), and BANKCOMM (601328.SH), all rated as Overweight. AAStocks Financial News |
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