日经25倍市盈率，很多中国的科技公司都是个位数的市盈率，如果除去账面现金和每年现金流，则是非常低的个位数的市盈率。怪不得今年股票回购的金额历史最高。换言之，日本是投机者在买，港股是上市公司、公司高管自己在买。其义自现。
#真财实料#
【洪灏：资本将重新分配到中国市场】在经历全球股市“黑色星期一”之后，亚太主要股市周二收涨。思睿集团首席经济学家洪灏表示，日元一直是非常重要的套息货币，因此近期的快速升值造成了股市震荡。在当前这种充满波动的环境中，他认为资本极有可能重新分配至A股和港股，因为投资亚洲市场里有潜力但估值较低的公司也是一种防御措施。
#投资中国#
@洪灝的宏观策略
Economist Hong Hao: Capital reallocated toward Chinese market 'unsurprising'
Asia-Pacific stock markets rebounded on Tuesday after Monday's global sell-off. The rapid appreciation of the Japanese yen, an important carry trade currency, has caused market fluctuations, Hong Hao, chief economist of GROW Investment Group, told CGTN. He weighted in on Chinese markets, noting that investing in Asian companies with earning potential but low valuations is a defensive measure in this volatile environment. #BizFocus #
Economist Hong Hao: Capital reallocated toward Chinese market 'unsurprising'
Asia-Pacific stock markets rebounded on Tuesday after Monday's global sell-off. The rapid appreciation of the Japanese yen, an important carry trade currency, has caused market fluctuations, Hong Hao, chief economist of GROW Investment Group, told CGTN. He weighted in on Chinese markets, noting that investing in Asian companies with earning potential but low valuations is a defensive measure in this volatile environment. #BizFocus #
