A man looks at his smartphone near a display showing stock prices at a brokerage house in Shanghai. Photo: AP Photo A man looks at his smartphone near a display showing stock prices at a brokerage house in Shanghai. Photo: AP Photo
A man looks at his smartphone near a display showing stock prices at a brokerage house in Shanghai. Photo: AP Photo
Stocks

China’s fund manager who made 134 per cent in 2020 sees major risk from rally in red-hot stocks

  • Valuations of market darlings have overshot their fundamentals, says Lu Bin of HSBC Jintrust, whose fund beat peers in 2020
  • Lu is buying selectively based on valuations and tells investors to lower expectations on stock returns in 2021

Topic |   Stocks
A man looks at his smartphone near a display showing stock prices at a brokerage house in Shanghai. Photo: AP Photo A man looks at his smartphone near a display showing stock prices at a brokerage house in Shanghai. Photo: AP Photo
A man looks at his smartphone near a display showing stock prices at a brokerage house in Shanghai. Photo: AP Photo
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