Economics
JPMorgan Says Don’t Fight PBOC as Stimulus Lifts Stocks
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Don’t fight the People’s Bank of China.
That’s the advice to investors from Adrian Mowat, the Hong Kong-based chief Asia and emerging-market strategist at JPMorgan Chase & Co. who raised his rating on Chinese stocks to neutral from underweight in a report dated yesterday. He said shares will rally through October after the Hang Seng China Enterprises Index entered a bull market on July 28.