Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
News for Outlets

Domestic demand is the sector to look at: CICC report

May 12, 2020


Abstract : China International Capital Corporation Limited (CICC, 3908.HK) suggested investors continue to pay attention to shares related to domestic demand as the resumption of work and production going forward in a report published on Monday.

BEIJING, May 12 (Xinhua) -- China International Capital Corporation Limited (CICC, 3908.HK) suggested investors continue to pay attention to shares related to domestic demand as the resumption of work and production going forward in a report published on Monday.

China's A-share market continued to show resilience since the Labor Day holiday. Although external environment may still have some short-term fluctuations, CICC maintains a positive view on the market structure in a report, said Wang Hanfeng, chief strategist and managing director of CICC, in the report.

He said while external demand may remain under pressure, the focus of policy is still be on expanding domestic demand.

The fundamentals of some domestic demand industries began to show positive signs, such as automobiles and home appliances. The daily coal consumption of the six largest power plants recently returned to positive growth for the first time after the epidemic, indicating that the pace of work resumption picked up, according to Wang.

Focusing on domestic demand may not only be a short-term expedient, but also an option in the medium term, given the changes in China's external environment. Furthermore, from the position and valuation point of view, position of the domestic demand sector is still not high, and the valuation is still attractive.

(Edited by Yang Qi with Xinhua Silk Road, kateqiyang@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: CICC stock market

Reading:

RMB-denominated bonds held by foreign buyers top RMB2 trln by end April, CCDC

Auctioned transaction at Kunming flower market down 16.5 pct

Sinopec builds up world's largest mask material production base

Seraphim to supply 183MW modules to the Philippines

EU faces worst recession in its history followed by patchy recovery

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial