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Slide in China Shares in Hong Kong Is Far From Over, BofAML Says

  • Hang Seng China gauge could fall a further 20 percent: Cui
  • HSCEI is among the worst stock market performers globally
Images of Electronic Stock Boards As Hong Kong's Hang Seng Index Rises Above 30,000 to Decade-High
Photographer: David Paul Morris/Bloomberg
Updated on

Chinese stocks could still fall a lot further from here.

So says David Cui, Bank of America Merrill Lynch’s head of China equity strategy, who has been warning of risks in the world’s second-largest economy for a long time. While some asset managers await opportunities to buy on dips, the Singapore-based strategist predicts another 20 percent drop in the Hang Seng China Enterprises Index, a benchmark for large Chinese shares listed in Hong Kong.