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China stock market not in a bubble despite rally: BlackRock

While some small-cap stocks might trade at three-digit earnings multiples, the overall A-share market, as represented by the CSI 300 index, is still trading at less than 20 times earnings.


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...

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