Image: iStock
Image: iStock

Asia Unhedged remains an unabashed China bull. The Hang Seng China Enterprises Index has risen 9.2% during the first two weeks of the year, led by financials. More than two-thirds of the rise in HSCEI market cap came from a handful of financial names. China Construction Bank accounted for 15% of the increase, followed by Ping An Insurance (12.4%), Bank of China (11.3%), Industrial and Commercial Bank of China (10.2%), China Merchants Bank (7%), and Agricultural Bank of China (5%).

Source: Bloomberg

The revaluation of Chinese financials reflects a global perception that the Chinese authorities are succeeding in de-risking China’s financial system.

One reply on “China’s H-shares continue rally, led by financials”

Comments are closed.