Chinese investors expect a turnaround in the beaten-down stock market, survey shows
- Seventy-three percent of roughly 200 investment professionals in Shanghai and Beijing said in August that they predicted positive returns for mainland Chinese stocks, a J.P. Morgan survey showed.
- One in three, or 33 percent, forecast gains of 5 to 15 percent domestic stocks, known as A shares.
- The recent market drop has brought down the price of some good quality companies to a more attractive valuation, according to Eric Bian, investment specialist at J.P. Morgan Asset Management.
A majority of mainland Chinese investors expect the battered local stock market to rise over the next 12 months, according to a J.P. Morgan Asset Management survey released Monday.
