Meng Lei, China equity strategist of UBS Securities, said during an interview with China Daily that with the narrowing decline in the Producer Price Index (PPI) and its gradual shift from negative to positive, the profit growth rate of A shares is expected to rise. At the same time, against the backdrop of an active capital market, non-banking financial sector, including insurance companies and securities firms, is expected to see an upward adjustment in profits.
Tanks to chinadaily.com.cn
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