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Credit Suisse's Dong Tao believes bearish trend of A-share mkt may go on
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2013/03/20 13:23
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Dong Tao, Credit Suisse chief economist for Asia, said in a report that stocks in China, Greece and Spain performed worst during 2010 and 2011, and the situation has lasted until the end of 2012. As to the prospect of A shares this year, the report says the enterprises' earning prospect and the potential bad debts among banks will be critical. The research house added that the market has too many protective measures, and at present 800 enterprises are waiting in line for the listing. Furthermore, the provincial governments and enterprises keep on selling stocks, resulting in imbalance between supply and demand, so the bearish trend of the A-share market is likely to go on.



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