JPMorgan Says Chinese Stock Selloff Is ‘Business as Usual’
- Global market strategist Santos stays positive on China shares
- Equities tend to rebound up to 20% after six months, she said
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A selloff in Chinese equities as Beijing intensifies its regulatory clampdown shouldn’t cause an “existential crisis” among investors, according to JPMorgan Chase & Co.
“It’s absolutely business as usual for investing in Chinese equities,” said Gabriela Santos, a New York-based global market strategist at the bank’s asset management unit. “The trick is not to see each thing that China says or does as an independent development. It’s all a piece of a bigger puzzle.”