David Cui, a US bank strategist, insisted on watching the Chinese stock market gain the biggest increase in 19 months. It is expected that the rally will end in weeks.

Last week, the Shanghai Composite Index rose 4.9%, or a record high since February 2013. The Hang Seng China business index of Hong Kong stocks also rebounded strongly, which is 24% higher than that of March this year.

Cui Wei said yesterday that the surge in China's stock market stems from the Chinese government's regulatory measures to stimulate economic growth and the Shanghai and Hong Kong Link expected to start in October, which is not any improvement in China's economic prospects.

China's domestic consumption is still weak, real estate prices down and the government's rectification of shadow banking has also threatened China's financial crisis.

"This cycle may continue for a few more weeks," he said.

Investors expect large quantities of international capital to flow into the domestic A share market, which I do not think will be so large.

If I were an investor, I would leave the market before then. "

Cui Wei is not optimistic about Bank of China (601988 shares) but thinks mobile phone stocks are attractive.

He also said that even if policymakers believe that reducing debt is "impossible from a political perspective", China also needs to lower its debt levels and avoid financial crises.

Recent economic report data do not prove that China's stock market has bull market prospects.

Cui Wei was named the best Asian strategist this year by New York's famous financial magazine institutional investors.

Since May 2010, he has known the industry as a bearish Chinese stock market.

In July this year, he predicted that

The H-share index of mainland enterprises closed at 9600 at the end of this year, 16% lower than the same period last year.

This is in sharp contrast to Morgan Stanley's prediction.

The latter has raised the target position of the H-share index in the next 12 months from 12500 to 13100.

In addition to Morgan Stanley, Goldman Sachs and other foreign banks have also been optimistic about China's stock market.

Last week, Goldman predicted that Shanghai and Hong Kong would provide

Bring us $1 trillion and 300 billion (about 7 trillion and 800 billion yuan) allocation funds.

Liu Jinjin, chief strategist at Goldman Sachs, said that overseas investors are very interested in Shanghai and Hong Kong. It is expected that A shares will be included in the global stock index such as MSCI next year.