Ray Dalio, the billionaire founder of world’s largest hedge fund, Bridgewater Associates, said now is the time to invest in beaten-down Chinese stocks as Beijing works to shore up the economy.“The time to buy is when everyone hates the market and it’s cheap, which is...
Chinese stocks jumped by the most in more than a month after a stronger than expected rebound in manufacturing underpinned buying sentiment among foreign investors.The CSI 300 Index of the nation’s biggest companies advanced 1.6 per cent to 3,592.89 at 10.25am local time in Shanghai,...
“There are more clients coming back to look at the China market and asking us about market views,” Liu Minyue, an investment specialist at BNP Paribas Asset Management in Hong Kong, said in an interview. “Sentiment seems to be improving.” 02:40Chinese Premier Li Qiang delivers his...
The best gains in Chinese stocks since the post-pandemic reopening are bolstering investors’ fragile confidence, with some money managers and analysts confident of further upside as they anticipate some policy catalysts.The CSI 300 Index tracking the biggest stocks listed in Shanghai and Shenzhen climbed 9.3...
An award-winning Chinese quant hedge fund has apologised to markt authorities and investors, after being punished with a trading ban for dumping stocks on local bourses, the first known case since the nation’s market regulator took aim at trading activities that have perpetuated a three-year...
China’s state-run funds have been supporting domestic stock prices at a faster clip this year in their market intervention since late June, after a notable surge in the assets of major exchange-traded funds (ETFs) that track benchmark stock indices, according to fund data and market...
Hong Kong stocks rose after reports showed some fund managers have turned upbeat on China’s biggest technology companies as valuations cheapened. Xpeng, JD Logistics and Swire Properties jumped on speculation they will join the benchmark index from next month.The Hang Seng Index advanced for...
Lombard Odier is the latest to sour on China, cutting allocation to the nation’s assets over concerns about the outlook for the world’s second-largest economy and geopolitical risks.It is too early to take a positive view on Chinese assets, including stocks, bonds and the yuan,...
More global fund managers are turning away from Chinese stocks due to “chronic disappointment” with the economic outlook and market slump, trimming their allocations by the most since April, according to a Bank of America survey. Japan remains the undisputed favourite market.Investors cut the...
Some of China’s best performing stocks in 2023 were among top companies shunned by foreign investors because of sanctions imposed by the US government. Buying them may prove to be profitable again for unencumbered onshore funds in an election year in the US.China’s biggest...