Global Investors Keen On Bottom-hunting Chinese Assets: Herald

Some of the world’s largest asset management institutions are still buying Chinese assets despite recent outbreaks of the epidemic, eyeing on China’s ample room for increased fiscal spending and monetary easing when other economies' growth momentum weakens on U.S. rate hikes and geopolitical conflicts, the 21st Century Business Herald reported citing an unidentified Wall Street hedge fund manager. Due to the recent low valuation of Chinese assets, more global asset managers are bottom-hunting boldly, or adjusting positions by selling high and repurchasing low, the newspaper said. Currently, the proportion of foreign capital in China’s bond and stock market only account for 3% and 5%, the newspaper added.