Analysts bullish about H shares

HONG KONG: Despite the latest sharp correction in the mainland stock market, analysts have expressed confidence on the long-term prospects of H shares of mainland enterprises listed on the Hong Kong bourse.

The analysts expect shares of Hong Kong-listed mainland companies to rebound by the end of the year and benefit from the central government's economic stimulus package.

Peter Lai, director, DBS Vickers, said the impact of global financial meltdown on mainland companies is mild and cushioned by China's adequate foreign exchange reserves and economic stimulus package.