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.
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