Ping An bets on policy push, SOE stocks amid China uncertainty
Ping An Insurance's investment chief expects two US rate cuts this year, allowing China to follow suit — coupled with more fiscal stimulus on property and domestic consumption.
Ping An Insurance Group's Benjamin Deng is banking on China's policy support and high-dividend state firm shares to navigate economic headwinds, while anticipating US rate cuts that could allow Beijing to further ease monetary conditions.
The chief investment officer expects the Federal Reserve to lower interest rates twice this year - by 50 basis points in total - potentially paving the way for two rate reductions in China as it aims to maintain a stable currency.
Deng anticipa…
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