Bloomberg News

Sinolink Boosts China’s Stock Allocations, Says Worst is Over

November 02, 2011

Nov. 3 (Bloomberg) -- China’s Shanghai Composite Index may rise as high as 2,600 this month as “designated” stimulus policies reduce the risk of over-tightening and the slowing economy and earnings have been “priced in,” according to Sinolink Securities Co.

Sinolink, based in Sichuan province’s Chengdu city, said the worst is over for stocks and it has turned “neutral” on China’s equities from “pessimistic,” Tao Jinggang, an analyst, said in a report dated today. The brokerage recommends shares of brokerages and insurance companies, according to the report.

To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net


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