Global investors are buying China and betting last month's rally has legs, but few are willing to go large until there are far more concrete signs that the...
Investors are seen in front of computer screens showing stock information at a brokerage house in ChengduSINGAPORE/LONDON - Global investors are buying China and betting last month's rally has legs, but few are willing to go large until there are far more concrete signs that the economy and earnings will improve.
"The real crux of a second-leg higher in shares is if the government is able to stimulate consumer demand," said Willem Sels, global chief investment officer at HSBC Global Private Banking and Wealth. "People are still observing - there's no immediate profit-taking positions," said Henry Wu, head of Xtrackers U.S. products at DWS in New York, where the Xtrackers Harvest CSI 300 has drawn more than $2.2 billion in inflows since late September. "Investors are here to wait and see.
To be sure, there are plenty of investors wary of geopolitical risks or China's regulatory rollercoaster who have walked away from the mainland markets for good and others who are sceptical about how strongly the economy can rebound.
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