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'Shanghai's bull market rebound won't last'

BOCOM International's Hong Hao says the Shanghai Composite needs to fall 30% to reach fair value.
Wednesday, November 25, 2015 - 05:50

THE Chinese trade stocks like they buy chic handbags. Well, that's the theory according to BOCOM International's head of research Hong Hao: "The Chinese have a propensity for luxury. If it's expensive, it must be good."

That helps explain why the Shanghai Composite is back in a technical