(Bloomberg) -- China's stocks, the Asia-Pacific
region's worst performers of the past month, are in for a
``prolonged consolidation period'' as the government reins in
lending and earnings growth cools, according to Steven Sun, an
equity strategist at HSBC Holdings Plc.
His comments were made in a research note dated yesterday,
when HSBC's asset management unit held a press briefing to
introduce a fund that will invest in Chinese companies' shares
listed on the mainland as well as Hong Kong. Richard Wong, who
oversees $7 billion as head of Chinese equities at the unit,
plans to raise as much as $460 million for the fund and predicts
economic expansion will fuel a rebound in the nation's shares.
Read more at Bloomberg Stocks News
region's worst performers of the past month, are in for a
``prolonged consolidation period'' as the government reins in
lending and earnings growth cools, according to Steven Sun, an
equity strategist at HSBC Holdings Plc.
His comments were made in a research note dated yesterday,
when HSBC's asset management unit held a press briefing to
introduce a fund that will invest in Chinese companies' shares
listed on the mainland as well as Hong Kong. Richard Wong, who
oversees $7 billion as head of Chinese equities at the unit,
plans to raise as much as $460 million for the fund and predicts
economic expansion will fuel a rebound in the nation's shares.
Read more at Bloomberg Stocks News
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