Kinger Lau, an analyst at Goldman Sachs on the Chinese stockmarket:
- "Margin financing has dropped 59% from the peak,
- Its ratio to market cap is on par with the U.S.
- Supply/demand could be in balance in the absence of government buying
- Our envisaged fourth-quarter macro growth recovery should help sentiment and ease systemic concerns at least temporarily"
More:
- Sees CSI 300 at 4,000 at the end of 2015 (previous forecast of 5,000) ... this forecast would see the index gain 25% by the end of the year
- worst of China's foreign exchange volatility is in the past
