JP Morgan expects the rally in Chinese stocks to continue until the Lunar New Year

JP Morgan's Chief China Equity Strategist Wendy Liu stated that as investors continue to favor growth stocks in the rotation, supported by corporate earnings and positioning factors, the upward trend of Chinese stocks is expected to continue until the Lunar New Year. She noted that upward revisions in earnings expectations are gradually emerging, particularly concentrated in the materials and communication services sectors; from the perspectives of valuation, growth, and liquidity, the market has not shown signs of overheating; it is expected that H-shares will outperform A-shares in the upward trend