Business
20:56, 20-Oct-2018
Expert calls for confidence building in A-share market
Updated
20:19, 23-Oct-2018
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The recent Chinese market plunge is a psychological shock to the market, but confidence needs to be built since there are opportunities after the adjustment period, said Zhao Zhongxiu, vice president for Undergraduate Studies and International Relations, at the University of International Business and Economics, in an interview with CGTN.
The announcement and measures from the central bank and the financial department will help stimulate the market, Zhao said.
"Look at the size of China's economy, and compare internationally," Zhao said, adding that "It's time to build confidence."
He stressed that there's no need for individual investors to jump in or leave recklessly because there is still time to explore opportunities.
As for companies, he said it is time to "rearrange the portfolio, identify the future and find the rising sector." And it's also a good time for the stock market to rectify the order and select "good companies."