Builders Lead Rally in Hong Kong Stocks on More Funding Support
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China steps up whitelist mechanism for property sector: media, Property
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A common topic clients brought up during this year’s annual outlook roadshows was what to do with China and Hong Kong equities. After three consecutive years of negative returns, MSCI China has remained on the downtrend so far this year. Patience is required as China’s policymakers shift focus to ensuring quality growth, but the continued stock market downtrend reveals a pressing need for coordinated policy support to restore market confidence. We believe that time is not too far away.