中国股票策略：建立对经济复苏的信心.docxVIP

Table of Contents HYPERLINK \l _bookmark0 Investment Summary 3 HYPERLINK \l _bookmark1 Key Thematic Drivers 7 HYPERLINK \l _bookmark2 Market Strategy 15 HYPERLINK \l _bookmark3 China Model Portfolio 18 HYPERLINK \l _bookmark4 China Model Portfolio Performance Review 19 HYPERLINK \l _bookmark5 MSCI China Index Target 20 HYPERLINK \l _bookmark6 Earnings Outlook: 3.7%/18.3% EPS Growth in 2020/21E 22 HYPERLINK \l _bookmark7 EPS Tracker – Monitoring Consensus Earnings Revisions27 HYPERLINK \l _bookmark8 Market Valuations 28 HYPERLINK \l _bookmark10 MSCI China Evolution – From Old