China’s Smart Money Is Riding the Stock Boom as Amateurs Rush In
Chinese Investors
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Individual investors aren’t the only ones pouring cash into Chinese stocks after they surged faster than any other market worldwide.
Five of the 11 professional money managers from mainland China, Hong Kong and Taiwan surveyed by Bloomberg from April 8 to 16 said they plan to boost holdings of yuan-denominated A shares this quarter, while four will maintain positions and just two will reduce their stakes. Technology, consumer, health-care and financial shares were preferred industries among the managers, who oversee a combined $41 billion.