Fidelity International, which seeks the use of China's growth momentum, believes that with the improvement of profit recovery, the Chinese stock market will accelerate the rise.
According to BloomberLast year, 90%of Chinese sovereign bonds were reduced.He said that as inflation accelerates and the prospects of further relaxing policies have subsided, bonds have almost no room for upward.
Evstas Poles said in an interview: "We think the company's profits have bottomed out in the previous quarter, and foreign investors did have a significant low -equipped Chinese stock. This is important because we don't have to worry aboutInvestors are selling high. "
Traders are considering the next step in the Chinese stock market. Since the low October low, 50%of the rally has triggered the discussion of most of the rise.Although the relaxation of China's re -opening up and regulatory rectification has triggered optimism, China's common wealth agenda means that investors need to experience the situation of increasing state -owned holding and decreased space for private enterprises.
Evsta Soplos believes that despite the reduction of holdings after rising in November last year, China's weight in the fund's stock allocation is still second.The fund has won 85%of its peers in the past three months and is currently investing in stocks of state -owned real estate companies.
Evstasususus said that the stock prices of private and state -owned housing companies are very low, but I think that in the long run, state -owned enterprises may be greater beneficiaries in policy support, and there will be moreThe oligopoly driven by multiple state -owned enterprises, from five years, they will become the beneficiaries of all the integration policies at the moment. "
The tension in the past few months has led to the default of Chinese private housing companies.With Beijing changing strategies, liquidity did not improve until recently.The government also hinted that the rectification of the Internet industry has ended.Evstas Plus believes that technology stocks will rise, but it will not reach such a high valuation in the past.
In contrast, Evsta Posplos is not so optimistic about Chinese sovereign bonds, because the domestic growth is recovering, and the inflation rate may accelerate.He is more optimistic about US Treasury bonds because the market is expected to decline in the global economy.Evstasplos is resident in Singapore and jointly manages about $ 12 billion (S $ 15.868 billion) assets with the entire team.
Global Fund sold out the record of 616 billion yuan (S $ 12082 billion) Chinese bonds in 2022, and Wall Street Banks such as Goldman Sachs and JP Morgan Chase said that funds may not return in the short term.China's benchmark 10 -year Treasury yield has risen more than 30 basis points from a low point last year to about 2.92%.
