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REUTERS SUMMIT-Investors should bet on Chinese cyclicals - Warburg Pincus China JV

Dec 02, 2020 - Reuters UK

* For other news from Reuters Global Investment Outlook Summit 2021, click: here here

SHANGHAI, Dec 2 (Reuters) - Chinese cyclical stocks should see a rapid recovery in valuations as investors, betting on economic revival, move into sectors such as banking and construction and out of expensive tech shares, an executive of Warburg Pincus’ China mutual fund venture said.

Li Huiyong, vice general manager of Hwabao WP Fund Management Co, said China’s economic rebound will push up ...