{"id":2216,"date":"2024-10-01T23:20:09","date_gmt":"2024-10-01T15:20:09","guid":{"rendered":"https:\/\/www.kafeizha.com\/?p=2216"},"modified":"2024-10-01T23:20:09","modified_gmt":"2024-10-01T15:20:09","slug":"%e6%9b%bc%e9%9b%86%e5%9b%a2%e4%b9%90%e8%a7%82%e9%9d%a2%e5%af%b9%e4%b8%ad%e5%9b%bd%e7%96%91%e8%99%91%ef%bc%8c%e9%a2%84%e8%ae%a1%e5%88%ba%e6%bf%80%e6%94%bf%e7%ad%96%e5%b0%86%e6%8c%81%e7%bb%ad%e6%8f%90","status":"publish","type":"post","link":"https:\/\/news.tomjun.com\/?p=2216","title":{"rendered":"\u66fc\u96c6\u56e2\u4e50\u89c2\u9762\u5bf9\u4e2d\u56fd\u7591\u8651\uff0c\u9884\u8ba1\u523a\u6fc0\u653f\u7b56\u5c06\u6301\u7eed\u63d0\u632f\u80a1\u5e02\u53cd\u5f39"},"content":{"rendered":"

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\u65b0\u95fb\u6765\u6e90\uff1a<\/b>www.bloomberg.com
\u539f\u6587\u5730\u5740\uff1a<\/b>Man Group Defies China Skeptics, Expects Stock Rally to Sustain on Stimulus<\/a>
\u65b0\u95fb\u65e5\u671f\uff1a<\/b>2024-09-26
\u539f\u6587\u6458\u8981\uff1a<\/b><\/font><\/p>\n

 of hedge fund firm Man Group Plc expects Chinese stocks to extend their rally on continued policy support, defying skeptics who warn the gains will be fleeting.Beijing\u2019s wide-ranging stimulus announced this week is \u201creally important for China stocks\u201d as \u201cthe start of a broader attempt to reverse the deflationary cycle,\u201d said Wilcox, managing director of discretionary equities. \u201cWe would expect to see more demand-side easing measures to come through in the future to ensure that the current market recovery can be sustained.\u201dHis optimism stands out in a market wracked with a loss of investor confidence. Even with the Chinese central bank\u2019s rare stimulus blitz, analysts at Morgan Stanley and Goldman Sachs Group Inc. are among those questioning the likelihood of a sustained rally as structural problems including an entrenched property crisis remain unsolved. Wilcox is pinning his bullish take on the Federal Reserve\u2019s easing, which has opened up more room for the People\u2019s Bank of China to cut interest rates, as well as improving earnings.Read More: \u201cThe fact that the cut has happened, and the Fed has been very open that this is the beginning of a cutting cycle and not just a one-off, clearly adds credence to the argument that there\u2019s greater flexibility now for Asian central banks to follow suit and China as well,\u201d he said. The PBOC on Wednesday  the interest rate charged on its one-year policy loans by the most on record. That followed its announcement Tuesday of a stimulus package including more cash for banks, bigger home-buying incentives and plans to consider a stock stabilization fund. The efforts provided an immediate jolt for stocks, with the onshore benchmark  shooting up about 6% in the past two days. It remains little changed on the year, however, trailing the double-digit gains in many global markets. Read More: Wilcox says more policy support is on the way, especially by means of social welfare reform. He points in particular at the millions of migrant workers whose spending power can be boosted by financial aid. \u201cWe don\u2019t expect to see one single shot of stimulus here although the news from China earlier in the week has been well received by markets,\u201d he said. \u201cWe do expect to see incremental progression that in aggregate will make quite a meaningful difference to domestic consumption and start to arrest this deflationary cycle.\u201dExpectations for China\u2019s economic stabilization and rate cuts by various central banks have contributed to Wilcox\u2019s favorable view of Asia ex-Japan stocks more broadly. He also cites India continuing to excel on demographic trends as well as improvement in Southeast Asian nations including Indonesia and Malaysia as positive factors. \u201cAsia ex-Japan equities is an asset class that has been unloved for quite some time now, but I do feel that everything is aligning to begin to change that perception,\u201d said the market veteran, who previously covered global stocks at JPMorgan Asset Management. \u201cWe are currently seeing a relatively unique situation in the region whereby all of the main constituent parts \u2014 China, India and SEA \u2014 have the potential to deliver positive economic growth simultaneously.\u201d<\/pre>\n
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