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Top fund is cautious on China property stocks amid cooling steps

In recent weeks, Chinese authorities in at least 21 cities have introduced home-buying curbs.


A TOP-PERFORMING fund is cautious on Chinese property stocks after rallies drove up valuations and local governments took measures to curb gains in the real estate market.

Robert Lloyd, whose US$364 million JPMorgan Pacific Securities Fund has beaten 97 per cent of peers...

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