Chinese stocks often gain after the country's annual congress meeting. Here's what strategists expect this year

Chinese stocks often gain after the country's annual congress meeting. Here's what strategists expect this year - TL;DR CNBC

Chinese stocks often gain after the country's annual congress meeting. Here's what strategists expect this year

Publishing timestamp: 2023-03-02 20:13:58

Summary

Economists and strategists are mixed on whether the pattern of modest rally in China's onshore stocks after the country's party congress sessions will carry on this year. Hao Hong, chief economist of Grow Investment Group, expects indexes to fluctuate between gains and losses of 3%. Goldman Sachs strategists said in February note that health care, consumer staples, and utilities tend to outperform after NPC meeting. JPMorgan's chief Asia and China equity strategist Wendy Liu said investors may not find much upside from this year's upcoming "Two Sessions". The meeting is expected to announce key policy goals, senior official lineup, and possible adjustments in ministries.

Sentiment: MIXED

Tickers: GSBD, GS,

Keywords: shenzhen, goldman sachs bdc inc, asia economy, shanghai, goldman sachs group inc, world markets, business news, beijing, china, economic events,

Source: https://www.cnbc.com/2023/03/03/chinese-stocks-usually-gain-after-congress-meeting-what-to-expect.html