An elevated walkway displays stock prices in Shanghai’s financial district. Photo: Bloomberg
Every time Chinese stocks are this cheap they spend the next year soaring, says AllianzGI boss
- On the last three occasions the price-to-book ratio has been this low, A shares have produced gains averaging 55 per cent, says Andreas Utermann, CEO of AllianzGI
- The relaxation of restrictions on foreign investment will also help the market bounce back, he says
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A-shares
An elevated walkway displays stock prices in Shanghai’s financial district. Photo: Bloomberg