Investors, juggling greed and fear, creep back into ‘uninvestable’ China markets

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AS valuations of Hong Kong and Chinese stocks hit historic lows, there are signs that investors are ready to make a comeback and jump back in for a manic ride on fears of missing out on new growth themes.

Speculation over China's relaxation of its zero-Covid policy - which would be key in order to spur growth - has dominated much of trading, even before the Chinese Communist Party (CCP) congress last month. By the first week of November, it reached a feverish pitch as Hong Kong hosted top global bankers at a major finance summit and delighted rugby fans with the return of the Sevens tournament last week. 

Investors poured trillions of dollars into sectors that will benefit from China's reopening...



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