Morgan Stanley has lifted the target for the MSCI China Index, a major benchmark for Chinese offshore stocks, by 14 per cent this year. Photo: Shutterstock Images
Morgan Stanley has lifted the target for the MSCI China Index, a major benchmark for Chinese offshore stocks, by 14 per cent this year. Photo: Shutterstock Images

Morgan Stanley raises MSCI China, Alibaba price targets in second bullish call on Chinese stocks in a month

  • The US investment bank expects the MSCI China Index to climb 14 per cent to 80 by the end of 2023, compared with its previous target of 70
  • Analyst Gary Yu also lifted the target price for Alibaba’s ADR to US$150 from US$100, after raising it for the first time in two years in November

Morgan Stanley has lifted the target for the MSCI China Index, a major benchmark for Chinese offshore stocks, by 14 per cent this year. Photo: Shutterstock Images
Morgan Stanley has lifted the target for the MSCI China Index, a major benchmark for Chinese offshore stocks, by 14 per cent this year. Photo: Shutterstock Images
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