Brave investors could reap double-digit returns from China equities, says Value Partners chief
Company aims to expand Singapore office to capitalise on family-office monies
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Genevieve Cua
CAPITAL preservation is key in today’s markets, but investors with greater risk appetites could start nibbling on China equities, which are in for a substantial upward re-rating, Value Partners Group co-chairman Cheah Cheng Hye has said.
He expects China to ease its zero-Covid policy within weeks, after the 20th National Congress of the Chinese Communist Party on Oct 16, when Xi Jinping is expected to secure his third five-year term.
“Most people think China would relax Covid restrictions next year, but I think they will start to relax from late October or early November. This is a minority view,” he said. Hong Kong recently ended its quarantine policy, raising hopes that Beijing would do the same.
