Soochow Securities: Still "moderately bullish" on the Chinese stock market, believing that the market may have bottomed out in 2024.

Sino-Swiss Securities believes that the Shanghai and Shenzhen 300 Index bottomed out in 2024, while Chinese government bond yields hit bottom in early 2025. They recommend a 30% allocation to Chinese bonds and stocks, with a bias towards value stocks. They believe that the supply-side energy shock caused by the Middle East conflict will drag down growth, but in resisting these pressures, China "has an advantage over many neighbouring countries." If Sino-Swiss's judgment is correct, China's nominal GDP growth rate is expected to "reach its strongest level in five years."