Kelvin Tay of UBS Global Wealth Management warns Chinese markets could see further losses from here.
Tay said Beijing's regulatory crackdown coincides with a "window of opportunity" as the global economy bounces back from the pandemic.
Furthermore, the Politburo meeting next year in October will coincide with the end of Chinese President Xi Jinping's second five-year term — a "very, very important event" for the country.Looking ahead, Tay predicted that three potential catalysts could end the current uncertain regulatory outlook in China.
The next potential catalyst is if the Chinese economy sees a major slowdown, a scenario he described as "very unlikely."
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