Investors Wary of China Crisis Risks Despite Cheap Valuations
• Chinese stocks stay unloved due to concerns about banking crisis, property market risks • Asian fund managers remain underweight on Chinese equities despite cheap valuations • Investors worried about banking crisis and property market woes causing continued selloffs • 74% expect long-term derating of Chinese stocks; only 19% see stronger China growth • Shorting China second most crowded trade; property sector now biggest systemic risk