Deutsche Bank AG recommended China’s yuan-denominated shares because of cheap valuations and the prospect of economic stimulus, according to Ajay Kapur, head of Asian equity strategy at the bank.
The nation’s regulators also “want the market to go up,” said Kapur, referring to measures by the government to boost the stock market such as allowing foreign investors to buy more equities. He recommended Chinese airlines, brokerages and insurers.
To contact the reporter on this story: Weiyi Lim in Singapore at email@example.com
To contact the editor responsible for this story: Allen Wan at firstname.lastname@example.org