Pursuits
China Stock Picker Beating 90% of Peers Says Rout Isn’t Over Yet
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The worst isn’t over for Chinese stocks after the biggest three-day rout since June 2013, according to HSBC Global Asset Management.
China’s government will probably take further steps to curb the use of borrowed money for share investment after margin debt rose to a record, said Mandy Chan, whose $111 million HSBC China A-Share Fund topped 90 percent of peers tracked by Bloomberg in the past year with a 96 percent gain. Mid- and small-capitalization stocks are most vulnerable to declines, she said.