FACTBOX-Analysts’ 2022 outlook for Chinese assets

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    SYDNEY, Nov 17 (Businesshala) - Investment houses have begun
publishing their predictions for Chinese asset prices next year,
and after a bruising 12 months in financial markets even bulls
have a tempered outlook.
    The Hang Seng equity index has fallen about 6% this
year and the MSCI China index has lost about
13% against a 17% rise in world stocks.
    On Nov. 17 the Hang Seng sat at 25,582, MSCI China at 92.7
and the blue-chip CSI300 index at 4,882. Here is a
summary of some forecasts for Chinese assets at the end of 2022:
    
 INVESTMENT  HANG SENG   MSCI CHINA  CSI300      USD/CNY
 HOUSE       TARGET      TARGET      TARGET      
 Goldman                 105         5,500       6.2
 Sachs                                           (12-month
                                                 f'cast)
 Morgan      25,000      95          5,250       6.4
 Stanley                                         
 Barclays                                        6.5
 KEY COMMENTS:
    
*GOLDMAN SACHS
    "We believe Chinese stocks will have a better year in 2022
as the market recovers from a major correction and transitions
into a 'hope' phase, where P/E expansion typically trumps weak
fundamental growth and drives strong equity gains."
    
*MORGAN STANLEY
    "MSCI China has had its worst ever relative performance
drawdown vs. broad emerging markets in 2021...despite such a
record underperforming year, we still see some lingering risks
skewed towards higher volatility or more downside in the near
term. This makes us believe that now is not yet the right time
to go bullish at a broad index level."

 (Reporting by Tom Westbrook; Editing by Rashmi Aich)
  
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