Bridgewater cuts China bets while sovereign funds stay put amid market slump
• Bridgewater continues cutting bets on Chinese stocks while Temasek, PIF stay invested • China market slumped in 2022, worst losing streak in 2 decades • Beijing trying to halt sell-off via state fund interventions, short-selling curbs • Asian fund managers remain hesitant on Chinese stocks despite stabilization efforts • Investors want more policy easing to sustain nascent market rebound