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在线翻译:
szdaily -> Markets -> 
Hedge fund sees stocks climbing in spite of trade war
    2018-07-12  08:53    Shenzhen Daily

CHINESE stocks may rise 20 percent over the next three years even if conflicts with the United States persist, a US$3 billion hedge fund manager said as the trade war between the nations kicked off.

If tensions ease over trade and technology, the gain could be as much as 50 percent, said Wong Kok Hoi, founder and chief investment officer of APS Asset Management Pte in Singapore. That compares with the CSI300 Index losing about 14 percent so far this year.

“Everything hinges on the outcome of negotiations,” he said, adding that markets may be choppy in the medium-term.

Wong is bullish even as tariffs start to bite after U.S. President Donald Trump ignited what China calls the “largest trade war in economic history.” China’s strength in technology is one of the reasons for Wong’s confidence — but it’s also a factor fueling tensions, as the White House sees a threat to U.S. national security.

Wong is not the only one with an optimistic outlook. Chinese hedge funds have signaled a stronger intention to buy equities this month, after the market rout created buying opportunities, according to a report released last week by Shenzhen PaiPaiWang Investment & Management Co.

Wong is optimistic on sectors including China’s cyber security, big data and semiconductor industries, including Hong Kong-listed Semiconductor Manufacturing International Corp.

But, he said, the biggest brawl with the United States may be over technology, not trade, as the “Made in China 2025” program boosts cutting-edge industries such as robotics, new energy-vehicles, chips and software.

(SD-Agencies)

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