Strategists turn positive on China assets, citing attractive valuations, policy support

Singapore

STRATEGISTS and some asset managers have pivoted towards a positive stance on China assets, citing attractive valuations and the China government's avowed intention to support the economy at a time when some global central banks have turned hawkish.

Capital outflows out of China assets, however, intensified in the weeks following Russia's invasion of Ukraine, leading some to question whether China's initial apparently equivocal stance towards the invasion prompted a reckoning, against the backdrop of the pursuit of environmental, social and governance values in investments.