Audio – China stock markets party on
The Chinese party, with a small p, is just getting going. That is the stock market view from Yang Liu, the high-profile fund manager and chairwoman of Atlantis Investment Management, which manages $4 billion of Chinese assets. Buoyed by steep earnings growth and an appreciating yuan currency, the China Enterprises index of H shares, or Hong Kong-listed shares in mainland companies, should “challenge the 20,000″ point level next year — that’s a 37 percent jump. And the Shanghai Composite Index, which has doubled in value this year, will rise at least another 10 percent over the next four months, she believes. For her view on the market, including the sectors to buy, click here.