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Fund Managers Bullish On China Again
For the first time in two years, Chinese equities are finding favor with fund managers, according to Dow Jones Newswires.
For the first time in two years, Chinese equities are finding favor with fund managers, according to Dow Jones Newswires. The change in sentiment, according to DJN, comes as a result of a booming China economy and more investor-friendly investment environment that has resulted in the government making more of the shares it holds available for trade. Stephen Kam of HSBC Halbis Partners told DJN that the government may "further relax credit and introduce measures to stimulate domestic consumption, which is positive for the market." Nicholas Brooks of Henderson Global Investors noted to DJN that equities in China may be "tempting...if one believes energy prices will hold up." The last time China was given a "firm overweight" call was in August 2003.