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

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
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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
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