www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

Fidelity International sees stock picking from next year

By Li Xiang (China Daily) Updated: 2015-12-02 10:04

Global asset management firm positive on investment prospects in China despite economic slowdown

Fidelity International, a leading global asset management firm, expects 2016 to be a year for stock picking in China, notwithstanding the recent market volatility.

Ning Jing, portfolio manager of the United States-based Fidelity International's China-focused fund, said on Tuesday that China's strong economic reform agenda will drive new or even contrarian investment opportunities next year and will help offset the economic slowdown.

"We will stay focused on A-shares as there are many unique investment opportunities that do not exist in Hong Kong or other overseas markets," she said in a news conference in Hong Kong.

China's A-share market has become increasingly linked with the global markets, sparking growing interest from international investors. The market crash that wiped out some $5 trillion between June and August triggered volatility in the global capital markets.

Ning said Fidelity's China investment strategy is about handpicking individual companies that have the potential to outperform in a slowing economy, rather than being based on the expectation of strong economic recovery next year.

Despite the market consensus that the Chinese economy will continue to face downward pressure, Fidelity shrugged off concerns about large capital outflows.

"An overly pessimistic or even an optimistic reaction in the market could mean opportunities for smart investors," Ning said.

The Chinese regulator in March tripled the investment quota granted to Fidelity's subsidiary in Hong Kong under the Qualified Foreign Institutional Investor program to $1.2 billion, making it the first nongovernment financial institution to gain a quota exceeding $1 billion.

The move was seen as a step by the government to expand foreign institutional investors' exposure to the A-share market.

On Tuesday, the benchmark Shanghai Composite Index rose marginally by 0.32 percent to close at 3,456.31 points. The gain was led by a rally in property stocks on hopes of further policy support for the sector.

The International Monetary Fund's decision to include yuan in the Special Drawing Rights basket from October next year could be a positive step for Chinese stocks in the long run, analysts said.

"The yuan inclusion has lifted sentiment in the Asian stock market," Adrian Zuercher, the Hong Kong-based head of Asia asset allocation at investment bank UBS, was quoted by Bloomberg as saying.

"We think Asia is attractively valued and there is too much pessimism on China."

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美三级视频在线观看 | 亚洲欧美精品一区二区 | 97视频免费上传播放 | 欧美做爰免费大片在线观看 | 精品综合在线 | 国产成人亚洲精品91专区高清 | 2021国产精品系列一区二区 | 日本特黄特色视频 | 手机看片毛片 | 欧美亚洲欧美区 | 真人一级毛片 | 亚洲成人在线免费观看 | 91原创视频在线观看 | 男人干女人的视频 | 成年人色网站 | 一本一道久久综合狠狠老 | 国产精品久久久久久久久久久久 | 91网站国产| 美国毛片免费一级 | 精品毛片| 一级视频网站 | 亚洲视频国产 | 国产高清精品自在久久 | 国产一区二区免费在线观看 | 黄色毛片国产 | 亚洲精品无码不卡 | 国产成人福利视频在线观看 | 中文字幕在线乱码不卡区区 | 国产成人禁片免费观看 | 亚洲黄色三级视频 | 亚州一二区 | zztt40.su黑料不打烊官网 | 91精品国产薄丝高跟在线看 | 久久久在线 | 亚洲成人免费网址 | 亚洲人免费视频 | 成人午夜精品久久不卡 | 欧美大尺码毛片 | 成年人视频网站免费 | 欧美一区视频 | 国产成人一区二区视频在线观看 |