Posted 4/3/2024, 5:39:42 AM
Global Investors Warming Up to Chinese Stocks on Valuations and Policy Support
- Global fund managers have become more positive on Chinese stocks due to state support measures and attractive valuations
- Sentiment has improved significantly compared to sentiment in mid-2022
- Asia and emerging market investors are most enthusiastic, while US and UK investors remain skeptical
- Investors are looking for earnings growth and more housing market stimulus to sustain the rebound
- New securities regulator is prioritizing shareholders and could drive a market rerating