More gains ahead for China stocks: APS

Singapore

APS Asset Management, which invests more than US$2 billion in Chinese stocks, expects the country's stock markets to extend this year's rally even without extra government stimulus.

The CSI 300 Index has increased 26 per cent since the People's Bank of China cut interest rates for the first time since 2012 on Nov 21, bolstered by speculation that the government will take more measures to support the economy. Chinese stocks may gain as much as 20 per cent over the next 12 months, Wong Kok Hoi, founder and chief investment officer of Singapore-based APS, said in an interview on Dec 4.