Ping An CIO bullish on 'undervalued' Chinese state firms

Ping An Group’s chief investment officer Benjamin Deng said he’s positive about the performance of low-volatility, high-dividend Chinese equities this year, especially state-run enterprises with low valuations. “We've been hearing a lot about the Chinese characteristic valuation system…A lot of the SOEs (state-owned enterprises) have been running on good cash flows, good profitability, stable management. They will play a more constructive and central role in the economic developme…