Pursuits
China Stocks Coming In From the Cold Amid Property Shakeout
- Housing curbs will drive funds into equities: JPMorgan Asset
- Shanghai Composite heads for biggest monthly gain since March
Are Chinese Investors Finally Returning to Stocks?
Photographer: Wang Zhao/AFP via Getty ImagesThis article is for subscribers only.
China’s speculative investors may finally be contemplating a return to stocks.
That’s according to JPMorgan Asset Management, which has been buying mainland shares in a bet that a real-estate lending crackdown and lower valuations will draw investors to equities, more than a year after a rout that wiped out $5 trillion in value. Chinese shares are beginning to perk up, with the benchmark Shanghai index headed for its best month since March.