The MSCI China Index may jump by more than 10% in 2024, underpinned by signs of a domestic economic recovery and more policy support, said Invesco Ltd.’s chief investment officer for Hong Kong and China.

“I would expect to see double-digit growth. If it’s about 10%, that should give the market confidence,” said Raymond Ma in his first media interview since becoming CIO in April. The gains will be driven by an improving earnings trajectory on the back of a reviving economy, though a valuation re-rating won’t be easy, he said.