Aerial photo taken on June 21, 2018 shows the morning view of the Lujiazui area in Pudong, east China's Shanghai. (Xinhua/Ren Long)
BEIJING, Feb. 22 (Xinhua) -- Experts said that international investors bet on Chinese assets amid a global market full of uncertainties, reported China Securities Journal on Tuesday.
According to a report by Bank of America, China's treasury bond and stock have both attracted investments since February. As of Feb. 20, Chinese equity fund has seen net inflows for nine consecutive weeks.
Institutions have expressed optimism to China's treasury bond. As Chia-Liang Lian with Western Asset said, Asian local bonds, including Chinese bonds, have taken a core place in the portfolios of global investors. He added that China's onshore bonds were included into major global indexes, a sign that China has played a key role in global economy.
From a long-term perspective, he noted, global investors will keep upbeat on China's onshore bonds, for the benefit of spreading the risks.
Lian's views were echoed by Sean Taylor, investment director of the Asia-Pacific region at DWS, Deutsche Bank's asset management arm. According to Taylor, it is estimated that Chinese assets will perform well after the first quarter as the country's economy will thrive on policy stimulus.
Apart from treasury bonds, experts also believed that Chinese stocks have great potential. According to Taylor, investors need to be patient when investing in Chinese stock market. The positive economic fundamentals, implemented regulation and consumption recovery will be the catalyst of a promising Chinese stock market.
Liu Hui, senior fund manager with Invesco Great Wall, predicted that investors' sentiments towards the A-share market will be improved, and thus the market will see ample liquidity.
The future of China's stock market is improving after a challenging year of 2021, said Luca Paolini, Chief Strategist for Pictet Asset Management, noting that China's credit impulse, the share of credit in the gross domestic products (GDP), is bouncing back. In this regard, Chinese stocks can be effective hedging tools amid growing geopolitical risks in the global market.
(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)
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