Primary tabs

Old Wall Street strategies are now hugely profitable in China

Investing strategies

Old Wall Street strategies are now hugely profitable in China

Bloomberg Published on Wed, Apr 18, 2018 / 8:33 AM GMT+8

A-

A+

HONG KONG (Apr 18): Stock pickers may have to reconsider the way they think about China.

Dismissed by many as a casino after its wild boom and bust in 2015, the country’s US$7.6 trillion equity market has quietly turned into a place where fundamentals matter. Chinese shares with the most attractive dividends, profit revisions and earnings yields -- metrics used by Wall Street pros for decades -- have trounced the nation’s benchmark index by as much as percentage points over the past three years, according to data compiled by Bloomberg.