2022年海外中资股展望：价值崛起！

中信证券研究2021-11-09

以港股为代表的海外上市中国公司估值已处于历史底部，恒生指数接近“破净”，A/H折溢价目前在145左右，相对A股折价接近历史最高点。展望2022年，我们预计监管政策将趋于常态化。本轮监管对互联网等行业产生深远影响，但强监管下市场会更快进入“去伪求真”（参考2018年医药经历“集采”后创新药崛起）。境外对地产企业无序违约担忧将逐步释放，地产调控的关注点也会从信用风险转向更中长期如“房产税”等制度建设。...

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免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

李云扬
2021-11-10
李云扬
屁股崛起
SunnyLeo
2021-11-10
SunnyLeo
👍👍
- LewisDua:
  [得意]
- ccssyy:
  好
Tummy
2021-11-10
Tummy
赞👍
Youn7276
2021-11-10
Youn7276
阅
T20211211017
2021-11-10
T20211211017
好
- T20211211017:
  😄
西西里的Angela
2021-11-09
西西里的Angela
滚！
- Youn7276:
  好

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