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Buying stocks? Just follow the leader

Foreign investors in China are mimicking state- backed group tasked with propping up prices

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Published Tue, Aug 18, 2015 · 09:50 PM

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    Hong Kong

    SOME foreign investors have found a new and simple way to make money from China's dysfunctional stock markets - by dispensing with market research and playing "follow the leader" instead.

    Rather than crunching data on earnings and stock valuations to come up with investment strategies, they are mimicking China's so-called "national team", a group of state- backed financial institutions tasked with propping up share prices.

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