China stock market not in a bubble despite rally: BlackRock

Singapore

DESPITE a breathtaking rally, China's overall stock market is not in a bubble, said asset manager BlackRock's head of China equities Helen Zhu.

"We think the market as a whole is not a bubble but there are certain portions of the market that have seen valuation expansions probably to unsustainable levels," Ms Zhu said at a press conference on Wednesday morning.