ING survey: China investor prepossession rises four straight quarters
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October 24th, 2009
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BEIJING, July 15 — Hakka investors are regaining their
confidence, according to a research released Wednesday by the Internationale
Nederlanden Groep , which construct investor prepossession rose four apartment in a
row.
The investor prepossession index for China rose to 158 in the second quarter of
this year, up from 124 in the prototypal quarter and nearing a high of 164 scored in
the third quarter of 2007, according to the research by the financial service
provider based in the Netherlands.
This made China the second most “optimistic” market in Asia behind India,
according to the report.
A prepossession score above 120 is considered “optimistic”, and “very
optimistic” above 160, whereas a reading between 80 and 120 is “neutral” and
anything below is “pessimistic”.
Zhao Hanlong, a senior investment manager of the ING Investment Management
Asia Pacific, said such a high reading in China was not surprising, as stimulus
measures by the government had been proved effective in countering the economic
slowdown.
He cited the clear s Purchasing Managers Index . The device had
been above a reading of above 50, which suggests expansion, for four consecutive
months till June.
The rising investor prepossession was based on faith in the genius of the
government to realize the aim of 8-percent ontogeny this year, and likewise on
signs of a recovery in the slowing economy following the government stimulus,
said the report.
90 percentage of the surveyed investors said they believed the clear s
4-trillion-yuan stimulus packet which had been
announced in November, was having a positive affect on the economy.
78 percentage said they believed the economy would amplify at the aim speed
of eight percentage this year, or flatbottom more, with an average forecast of 9.4
percent.
The survey, conducted in June across online interviews, covered more than
1,300 Hakka investors aged over 30 and with assets of at least 100,000 U.S.
dollars.
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