The past track recordof post NCCP performances since 1977, HSI should decline in the first three months.
On average HSI lost 6.7% in the first month after NCCP, 9.8% in the second month and 8.9% in the third month.
Nevertheless the abundant liquidity coming into the market this time could help narrow downside risk. We expect the decline to be short lived and the correction to be shallow.
We suggest investors to seize this opportunity to buy H shares like CHALCO, PETROCHINA, SHENHUA & CNOOC
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