It’s Been One Year Since Covid-19 Arrived in China. These Are the Research Firms That Got Investors Through It.

It has been almost a year since the novel coronavirus was first detected in China, where it went on to trigger an acute health crisis and economic fallout that would soon go global.

但是，虽然世界大部分世界仍在努力与Covid-19，但中国仍然没有报告没有社区传播和市场恢复。随着年度的硕士，中国指数上涨约23％，并在中国A股市场上重新投资者兴趣，市场观察员表达了谨慎乐观。

“过去的一年看到了全球经济的过山车乘坐，在某种程度上[]资本市场在Covid-19大流行中，”瑞银证券有限公司，中国附属公司瑞士证券有限公司研究负责人瑞银。“中国经济早于全球经济遭遇并恢复，使其成为2020年GDP的少数经济体之一。”

据林介绍，成本削减是中国净利润增长的“关键驾驶员”，企业盈利平均在9月结束的12个月内增长。但瑞银研究人员还报告了“互联网的强劲收入增长，选定的消费效果”。

These trends are part of an economic transformation in China that began long before the coronavirus pandemic took over, according to Peng Wensheng, head of the research department at China International Capital Corp.

在2020年代开始，文章表示，“我们预计中国将从投资拉动的增长模型中进一步将其经济结构转变为消费驱动的模型。”

Wensheng added that these trends have prevailed in the capital markets despite the unexpected outbreak of Covid-19 and its impact. Still, international and domestic clients remain focused on the pandemic, and whether China will continue to outpace rest of the world in terms of recovery, according to Lin.

Investors have turned to a top tier of domestic and international firms to help them answer that question, based on the results亚博赞助欧冠’s eleventh annual全中国研究团队。虽然国内企业仍然是占主导地位的，但国际公司在2020年在近900个机构的4600多个投资专业人员的调查的调查中取得了重大的侵犯。

CICC和华泰证券为今年的整体排名第1个现货，结合了国内外投资者的选票。这是华泰的重复胜利，从2019年从第六位跳到了杆位，并为CICC复出了，该公司于2018年首次完成后去年落到第二位。

瑞银又一次是排名最高的国际公司，从2019年的第五位上升到今年的第三位。与此同时，BOFA Securities是2020年代最改善的供应商，去年攀登至第八位。国泰君安证券圆润前五名。

调查参与者评定了29个部门的最高公司，然后每次被申请人的中国股权资产加权人数，以制定主要排行榜。单独要求投资者投票投票给每个部门的最佳个人研究人员，以创建基于分析师的排行榜。在这一排名中，华泰证券是单数1坚定，将CICC击败到第二名。

In order to highlight the difference in perspectives between domestic and international investors, respondents were divided by location to produce additional leaderboards from each point of view. In the mainland ranking, as in the combined, CICC and Huatai Securities tied for first place. International investors, meanwhile, once again chose UBS as the top firm. BofA Securities placed second in the international division, while CICC tied with Citi for third.

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据CICC的文氏文化的文化，据CICC的文氏，凭借2020年的Covid-19锁定国际投资者的威胁，在2020年几乎所有2020年离开中国，所有的沟通和国内分析师和公司都发生在线。然而，对于大陆客户而言，温恒说，这主要是往常的业务。

“When COVID-19 was spreading in China, we saw a decline in demand from both domestic and overseas clients, and almost all communications and conferences with clients were held online,” he said. “As the pandemic subsided in China, our face-to-face services for domestic clients gradually resumed. At present, demand from and service for domestic clients are largely back to normal.”

但即使分析师和客户返回办公室，Covid-19也改变了2020年2020年的销售方面研究的服务模式，指着即时消息和在线会议软件等技术，以及各种研究分析师正在制作。

“New topics and thoughts of interest to sell-side analysts include the pandemic’s varying impacts on different asset classes and regions, medium- to long-term changes brought by the pandemic in China and around the world, as well as accelerated global digital transformation and the widening wealth gap amid the pandemic,” he said.

At UBS, Lin said that investments in technology proved important as the bank’s research team adapted to a virtual world where investors needed more and quicker updates.

“我们的分析师实际上花了更多的时间从事要求更多研究的客户，”林说。该公司利用大数据来跟踪全球恢复，并推出一个名为中国360的专题研究系列，深入了解市场中最讨论的问题。

Looking beyond the pandemic, both Lin and Wensheng believe that more competition in research is inevitable as the Chinese market continues to open up to foreign competitors.

“中国仍然是买卖侧面继续投资的市场，”林说。“资本市场的进一步自由化为外国房屋提供了新的机会。随着更多新条目进入中国，我们也看到了卖方研究的竞争上升。“