| Abstract | Profitability is expected to continue to fuel stock-market growth in 1993, although market sentiment remains sensitive to issues such as Hong Kong's constitutional development and the renewal of China's MFN status. Corporate profit growth should be particularly vigorous in the financial sector and the commercial and industrial sector, while the utilities and property sectors will perform less strongly. Increasingly, Chinese state-owned industrial enterprises are seeking to use the local bourse to raise funds. |
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