Both Kweichow Moutai and major rival Wuliangye Yibin remain Chinese fund managers’ top holdings because of resistance to slowing growth. Photo: Martin Chan

Foreign investors unwind holdings in Chinese liquor giant Kweichow Moutai, consumer stocks amid stretched valuations

  • Global fund managers have sold 422 million yuan of Kweichow Moutai shares, 1.2 billion yuan in Wuliangye Yibin stock
  • Buying into consumer stocks risky because of crowded trading, JPMorgan Asset Management says
Topic |   China stock market

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Both Kweichow Moutai and major rival Wuliangye Yibin remain Chinese fund managers’ top holdings because of resistance to slowing growth. Photo: Martin Chan
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