China's equity rally will run into 2018, says Value Partners

China_growthAn equity rally that has caused some Chinese indices to rise by half this year will last into 2018, said an asset manager. The rally has been driven by “structural instead of cyclical factors”, according to Chung Man Wing, investment director of Hong Kong-based Value Partners. “China has been making further progress to deliver quality and sustainable growth via reforms in the services sector and state-owned enterprises, as well as financial deleveraging,” he said. As the Chinese economy becomes more efficient with less reliance on debt, international investors will increase their allocations to Chinese stocks, he said, “particularly those listed in Hong Kong, which is a freely accessible market”. Value Partners had $17 billion under management at the end of October. ©2017 funds global asia

Executive Interviews

INTERVIEW: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.


SINGAPORE ROUNDTABLE: Optimism versus caution

Oct 23, 2018

The impact of financial technology, developments in Asian passporting and the promise of new markets in Thailand were among the topics discussed by our panel. Chaired by George Mitton in Singapore.

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.