The central business district in Beijing. ‘Right now it’s best to be patient and wait out the crisis,” says Shanghai Congrong Investment Management’s Lu Jun. Photo: EPA-EFEThe central business district in Beijing. ‘Right now it’s best to be patient and wait out the crisis,” says Shanghai Congrong Investment Management’s Lu Jun. Photo: EPA-EFE
The central business district in Beijing. ‘Right now it’s best to be patient and wait out the crisis,” says Shanghai Congrong Investment Management’s Lu Jun. Photo: EPA-EFE
Money /  Stock Talk

Mainland Chinese macro fund that has made 31 per cent this year is hoarding cash

  • Shanghai Congrong Investment Management has cut most of its stock positions and boosted cash levels to above 50 per cent
  • Best assets to hold right now are Chinese government bonds, cash, founder says
Topic |   China stock market: Latest news and updates
Bloomberg
Bloomberg

Updated: 7:30pm, 23 Mar, 2020

Why you can trust SCMP
The central business district in Beijing. ‘Right now it’s best to be patient and wait out the crisis,” says Shanghai Congrong Investment Management’s Lu Jun. Photo: EPA-EFEThe central business district in Beijing. ‘Right now it’s best to be patient and wait out the crisis,” says Shanghai Congrong Investment Management’s Lu Jun. Photo: EPA-EFE
The central business district in Beijing. ‘Right now it’s best to be patient and wait out the crisis,” says Shanghai Congrong Investment Management’s Lu Jun. Photo: EPA-EFE
READ FULL ARTICLE