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China Property

China’s property market has surged in recent years. After prices jumped 25 per cent in 2009 alone, the central government imposed austerity measures, including lending curbs, higher mortgage rates and restrictions on the number of homes each family can buy.

Mandy Chan, head of China and Hong Kong equities, and Michael Chiu, investment director, of HSBC Global Asset Management. Photo: Bruce Yan

Asset managers favour China’s cement and steel stocks

Shares of Chinese cement and steel companies may pick up in the second half, thanks to steady infrastructure and property investments in smaller cities, said Mandy Chan, head of China and Hong Kong equities at HSBC Global Asset Management.