Bloomberg – APS Asset Management, which invests more than $2 billion in Chinese stocks, expects the country’s stock markets to extend this year’s rally even without extra government stimulus.
The CSI 300 Index (SHSZ300) has increased 26 percent since the People’s Bank of China cut interest rates for the first time since 2012 on Nov. 21, bolstered by speculation the government will take more measures to support the economy. Chinese stocks may gain as much as 20 percent over the next 12 months, Wong Kok Hoi, founder and chief investment officer of Singapore-based APS, said in an interview on Dec. 4.
