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Chinese stockbrokers' A shares likely to go on main growth wave in Q3

2015-04-03 16:34

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China's stock brokerage companies' A share prices are expected to go on main growth wave in the third quarter of 2015 during which the valuation of their stocks is likely to soar 6-7 times or even more as compared with the current level, forecast by Shenwan Hongyuan Securities.

However, realization of such prediction may depend on several factors, including stabilized economy or recovery of commodities prices, the benchmark Shanghai Composite Index rising to 4,500-5,000 points and stocks in cyclical industries completing a round of bull run, said the broker.

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