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- JP Morgan: China markets offer better entry point than three months ago – SCMP
JP Morgan: China markets offer better entry point than three months ago – SCMP
China still presents significant opportunities for global investors despite a market drubbing last week sparked by the Communist Party’s twice-a-decade leadership reshuffle. The headwinds hobbling the world’s second-largest economy “shall pass” over time, JPMorgan says, reported the South China Morning Post (SCMP).
The news quotes JP Morgan’s Chief Executive Mary Callahan Erdoes while also saying, “When investors face uncertainty, they need to have the patience and expertise to understand how China works.”
Key quotes
With the macro backdrop and the geopolitical issues around the world, lots of opportunities will present themselves.
If their portfolio calls for a global allocation, and they haven’t had exposure to certain areas of the world, like Asia, like China especially, this is a much better entry point to begin to phase in than it was three days or three months ago.
The results of the party Congress made some investors ask questions that they may not have had before.
There will be high winds that can cause a lot of damage and then eventually, this too shall pass.
Also read: USD/CNH grinds higher past 7.2800 as China PMIs fall, Fed’s move, US NFP eyed
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