A bull sculpture stands in front of the Shenzhen Stock Exchange building. Chinese stocks have had a good start to the year, with the CSI 300 index surpassing its 2015 peak on January 5. Photo: Shutterstock A bull sculpture stands in front of the Shenzhen Stock Exchange building. Chinese stocks have had a good start to the year, with the CSI 300 index surpassing its 2015 peak on January 5. Photo: Shutterstock
A bull sculpture stands in front of the Shenzhen Stock Exchange building. Chinese stocks have had a good start to the year, with the CSI 300 index surpassing its 2015 peak on January 5. Photo: Shutterstock
Sylvia Sheng
Opinion

Opinion

Macroscope by Sylvia Sheng

China’s stock markets are set for another bull run of the year

  • Chinese equities will ride the recovery expected in consumption, GDP, manufacturing and exports, helped by a global wave of stimulus
  • The major risk is an overtightening of monetary policy, which is unlikely given Beijing’s pledge to avoid sudden policy turns

A bull sculpture stands in front of the Shenzhen Stock Exchange building. Chinese stocks have had a good start to the year, with the CSI 300 index surpassing its 2015 peak on January 5. Photo: Shutterstock A bull sculpture stands in front of the Shenzhen Stock Exchange building. Chinese stocks have had a good start to the year, with the CSI 300 index surpassing its 2015 peak on January 5. Photo: Shutterstock
A bull sculpture stands in front of the Shenzhen Stock Exchange building. Chinese stocks have had a good start to the year, with the CSI 300 index surpassing its 2015 peak on January 5. Photo: Shutterstock
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Sylvia Sheng

Sylvia Sheng

Sylvia Sheng, vice president, is a global strategist on the multi-asset solutions team, responsible for communicating the group's economic and asset allocation strategy, based in Hong Kong. Prior to joining J.P. Morgan, she worked as a China and Asia economist at Bank of America Merrill Lynch. She has a PhD in economics from the University of Cambridge and an MPhil and BA in economics from the same university.