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Infrastructure

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.