Gustavo Philippsen Fuhr
Charlotte Y.: "Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far.
The Hang Seng China Enterprises Index has already lost 11% in 2024. Coming after a record four-year losing streak, the slump is reinforcing a structural shift that’s seeing everyone from active money managers to passive funds turn their back on the world’s second-largest stock market.
'What we are seeing this year so far really is a continuation of what we saw last year,' John Lin AllianceBernstein’s chief investment officer of China equities, said in an Jan. 17 interview on Bloomberg TV. 'These squeezing-the-toothpaste type of stimulus policies so far haven’t been able to turn around the underlying bottom-up fundamentals of areas like the property sector.'”
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