CITIC: Beijing Stock Exchange at bottom, awaiting catalysts

TREE NEWS reports: CITIC Securities says the Beijing Stock Exchange is at a stage of bottoming and awaiting incremental catalysts. Valuation and sentiment lows were confirmed in late August, with volume on September 2 signaling entry of incremental funds. Catalysts include index products, the fifth anniversary on November 15, and improved secondary market conditions. The firm recommends positioning in growth and undervalued stocks.