Chinese onshore stocks have already jumped over 20 per cent this year thanks to the economy’s early recovery from coronavirus. “China will deliver one of the strongest and fastest macro recoveries in 2021 among major economies globally,” Goldman Sachs said in its China outlook report, forecasting a 20 per cent rebound in Chinese corporate profits, and staying overweight Chinese equities. “International appetite for access to Chinese financial markets is at an all-time high,” said Justin Chan, Head of Greater China, Global Markets, HSBC. Among the equity investors, 71 per cent are looking to increase China exposure. But Andrew Gillan, head of Asia ex-Japan Equities at Janus Henderson Investors in Singapore, fears the upward momentum in China stocks could be losing steam.

Source: Dhaka Tribune November 30, 2020 14:03 UTC