BlackRock: Neutral view on Chinese stocks and continues to monitor; Chinese government bonds supported by easing policies

Zhitong
2025.07.02 08:30
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BlackRock's Chief Investment Strategist for the Middle East and Asia-Pacific, Peng Wenbo, stated that under the uncertainty of trade policies, the firm remains cautious in its investment approach, maintaining a "neutral" view on Chinese stocks while continuing to pay attention to the Chinese stock market. As for Chinese government bonds, the firm believes that accommodative policies support the bond market, maintaining a "neutral" stance. Regarding other markets, BlackRock has an "overweight" view on U.S. stocks. Peng Wenbo mentioned that policy-driven volatility and supply-side constraints are putting pressure on economic growth, but the firm believes that artificial intelligence (AI) will support corporate earnings, with U.S. stock valuations being supported by stronger earnings and profitability compared to other developed markets. Given the rebound in inflation and shareholder-friendly corporate reforms, BlackRock has an "overweight" view on the Japanese stock market. Since the yen tends to strengthen during periods of market pressure, the firm prefers to hold unhedged exposure. BlackRock holds an "overweight" view on U.S. short-term government bonds, considering them similar to cash in its strategic outlook. The firm remains skeptical about the market's expectations for multiple rate cuts by the Federal Reserve over the next year

According to the Zhitong Finance APP, BlackRock's Chief Investment Strategist for the Middle East and Asia-Pacific, Peng Wenbo, stated that under the uncertainty of trade policies, the firm remains cautious in its investments and holds a "neutral" view on Chinese stocks, continuing to pay attention to the Chinese stock market. As for Chinese government bonds, the firm believes that accommodative policies support the bond market, maintaining a "neutral" outlook.

In other markets, BlackRock has an "overweight" view on U.S. stocks. Peng Wenbo mentioned that policy-driven volatility and supply-side constraints are putting pressure on economic growth, but the firm believes that artificial intelligence (AI) will support corporate earnings, with U.S. stock valuations being supported by stronger earnings and profitability compared to other developed markets.

Given the rebound in inflation and shareholder-friendly corporate reforms, BlackRock has an "overweight" view on the Japanese stock market. Since the yen tends to strengthen during periods of market pressure, the firm prefers to hold unhedged exposure.

BlackRock holds an "overweight" view on U.S. short-term government bonds, considering them similar to cash in its strategic outlook. The firm remains skeptical about the market's expectations for multiple rate cuts by the Federal Reserve over the next year

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