A Bloomberg survey shows 5 of 11 money managers from mainland China, Hong Kong and Taiwan say they plan to boost their holdings of yuan-denominated A shares this quarter
- Survey conducted from April 8-16
- 4 respondents will maintain positions
- 2 respondents will reduce their stakes
- Technology, consumer, health-care, financial shares are the preferred industries among the surveyed managers, which oversee combined $41b
"New funds have been continuing to flow into the market and I need to follow the trend," Hengsheng Asset Management fund manager Dai Ming
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There have been a lot of calls for the Chinese stock market to collapse given its rapid ascent. Its kept motoring so far, though.
Recent posts on the Chinese market:
- China stockmarket - Shenzen exchange to be opened further to foreign investment
- China has fallen in love with the stock market
- China - PBOC lending facilities pumped in billions in just Q1 - stockmarket surge, anyone?
- Bloomberg: China's Big Stock Market Rally Is Being Fueled by High-School Dropouts
- Bloomberg: "China Just Made It Easier to Bet Against Its Priciest Stocks"