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People's Daily Online>>China Business

Investor shakes off bear market blues (2)

By Chen Jia (China Daily)

08:52, February 24, 2012

This year, Wei wanted a better return for shares.

"After all, it hit bottom in January," she said.

Last year's bear market came mainly because of the long-standing tight monetary policies. They were supposed to soak up liquidity and beat inflation, but they also hurt share prices, said Lu Zhengwei, chief economist at Industrial Bank.

According to Jing Ulrich, chairman of global markets for China at JP Morgan Chase, it will be hard to change the bear market into a bull market in the first half of this year.

However, "there may be some good investment chances in some sectors, such as the retail industry, which may have 18 percent growth this year", Ulrich said.

In addition, Ulrich suggested investors keep a close eye on banks and energy companies listed on the A-share market.

"These shares now have relatively lower price-to-earning ratios of about eight, which means the expected return may be very high, depending on the stable expansion of these industries."

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