Invesco keeps bets on China despite concerns over debt levels
It expects China's SOE profitability to improve and interest rates to fall
Hong Kong
US fund house Invesco is keeping its "overweight" equity and bond positions in China despite ever-present worries over rising debt levels.
Senior executives said on Tuesday that they expect state-owned enterprise (SOE) profitability to improve, and interest rates in the country to continue to fall.
Anna Tong, Invesco's Asia-Pacific regional head of investments, said that supply cuts in coal and steel capacity will help SOEs to improve their profitability and aid efforts to reduce debt.
Increasing private sector participation in infrastructure projects will also reduce the debt burden of provincial governments, she sa…
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