EFGAM's Mok: There is no value left in Chinese A-shares

Mok (pictured), who runs the $302m (£206m) New Capital China Equity fund, said China's mainland stock exchange is not offering attractive opportunities, despite the hype around the Stock Connect programme. This launched in November with the aim of linking the Hong Kong stock exchange to the mainland Shanghai market in the most substantial opening of the Chinese mainland market to foreign investors to date. But Mok noted the frenzy of activity after its launch has driven up prices - Chinese A-share valuations shot up between November and January, with even value stocks such as financia...