abrdn's Yeo and Kwik: Will the dragon soar in 2024 for China?

'Cause to be optimistic'

clock • 4 min read

The dragon is one of the most auspicious symbols among the twelve animals in the Chinese zodiac calendar, embodying strength, wisdom, luck, and prosperity.

Investors in the region must be hoping that the good fortunes associated with the dragon will translate into better returns in the Chinese equity market after a poor 2023. Chinese equities took a hard beating last year. Foreign investors pulled capital to search for better returns outside the country, while domestic investors, who account for 90% of the market, chased short-term returns via ‘hot themes' that were in vogue - specifically around artificial intelligence and state-owned enterprise reforms. Chinese watchdog adds further short selling limits in a bid to halt market losses ...

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