Chinese investors losing appetite for bonds in 2017
Shanghai
STUNG by a late-2016 tumble in bonds, Chinese investors are signalling a switch into shares this year in the hope of better returns as the economy recovers and as a hedge against rising inflation and tighter monetary policy.
That would be a dramatic reversal from last year, when assets under management for bond funds surged 142 per cent to 1.93 trillion yuan (S$400 billion), while equity and balanced fund assets dropped 17 per cent to 1.99 trillion yuan, according to data from Chinese consultancy Z-Ben Advisors.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Philippines’ PLDT in talks to sell up to 49% of data centre business to Japan’s NTT
Infineon launches savings programme as weak demand persists
MAS ‘following up’ with DBS on cause of May 2 glitch in digital banking services
Nintendo to announce Switch successor details this financial year
Brokers’ take: SAC Research initiates ‘buy’ on Soilbuild with S$0.04 target
Aramco to pay US$31 billion dividend as Saudi posts budget deficit