In light of MSCI’s announcement to raise the China A-share inclusion factor from 5% to 20% by November 2019, HSBC Private Banking has restated its overweight view on China equities within the EM and Asian equities universe. “Our year-end target for MSCI China of 90 implies 8.4% upside from the current level, supported by around 14% 2019e earnings growth, China’s policy…
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