China equities demand new playbook amid shifting dynamics

For institutional investors still watching China’s equity market, asset managers say it’s time to adopt a new playbook with active stock-picking, and more importantly, rely less on the property market as an indicator of consumer sentiment in the current climate. William Fong, head of Hong Kong China equities at Barings, suggests investors abandon hopes for major government stimulus to revive the property market and instead seek new benchmarks and opportunities. “People used to l…