According to the latest FMS by BofA, sentiment towards the Chinese market has improved among fund managers. For the first time since last September, the number of respondents overweighting Chinese assets is equal to those underweighting them.
However, 74% of the participants think a structural de-rating is underway for the China equity market.
Mikey Sheung Wan : bullshit!
102559790 : which part is Bullshill? neutral consensus part or derating part?