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Top China fund manager putting half of his cash pile back in stocks

BUYING OPPORTUNITY: The Shanghai Composite Index's slump at the start of the year created a mismatch between stock prices and signs of a stabilising economy.


AT the end of 2015, a top China fund manager was so worried about the outlook for stocks that he held as much cash as he possibly could. Now, he's loading up on equities.

Qiu Dongrong is buying shares in pharmaceutical, chemical and construction material firms, he said