China Healthcare Sector's Recovery Momentum May Continue in 2025 -- Market Talk

Dow Jones12-10

0250 GMT - The recovery momentum seen in China's healthcare companies since mid-August is expected to continue in 2025, says Cyrus Ng, an analyst at Deutsche Bank. The recovery should be helped by the Chinese government's supportive policy on innovative drugs and pricing, and an expected improvement in biotech funding, he says in a note. China's healthcare stocks have lagged behind the Hang Seng Index in 2024 amid geopolitical tensions and a difficult biotech funding environment, he notes. However, with improvement in sentiment and the government's supportive measures, China's biotech funding is expected to start recovering gradually in 2025, he says. Ng's sector picks include Beigene, Hansoh and CSPC. (monica.gupta@wsj.com)

 

(END) Dow Jones Newswires

December 09, 2024 21:50 ET (02:50 GMT)

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