Morgan Asset Management Remains Bullish on China Capital Market

The significance here lies less in the bullish call itself than in the reasoning: a major asset manager is framing China's appeal around industrial completeness and tech innovation rather than cyclical stimulus, which is a longer-horizon argument. It matters for global allocators weighing China exposure against other emerging markets, and for onshore sentiment. The open question is whether the earnings recovery Morgan cites actually materializes — that, not the valuation case, is what would validate the thesis.