Analysts see stocks' outlook getting better
By Allen Wan | China Daily | Updated: 2011-07-21 07:58
HONG KONG- Chinese government measures to curb property-price gains and tame inflation are "at or close to the peak," bolstering the outlook for stocks, according to JP Morgan Asset Management.
China's inflation will ease as the measures have been "highly effective", said Howard Wang, the Hong Kong-based head of the Greater China team at the JPMorgan unit, which oversees $14 billion of assets on the Chinese mainland, in Hong Kong and Taiwan.
Wang said he is adding some "very cheap'" property developers, materials companies and technology shares to his holdings. His Greater China Fund has returned 22 percent over the past year, beating 86 percent of rivals, according to data compiled by Bloomberg.
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