What awaits the Chinese market and what shares of Hong Kong to buy in 2023: an overview

Since 2022, the Hong Kong market has opened for Russian investors. Analysts see the current drawdown in Chinese stocks as a good entry point.

Since this year, Russian investors have more opportunities to invest in the Chinese market. Currently, 80 shares of companies listed in Hong Kong are available on the SPB Exchange. Hong Kong's important market indices, the Hang Seng Index and the Hang Seng CHINA 50 Index, fell sharply over the year, over 16% and over 21%, respectively. Analysts see these levels as a good opportunity to enter the Hong Kong market.

How promising will Hong Kong stocks be in 2023

This market depends on the economic and political situation in China. Since November, under pressure from public discontent expressed in mass protests across the country, China has been gradually easing covid restrictions. The market reacted positively to the possible opening of the country's economy - in a month and a half, the Hang Seng index rose by 32.4%.