China’s equity bull run is getting a boost from the country’s wealthy individuals, fueling hope among local brokers that the liquidity-fueled rally has legs.
An index tracking the equities positions of Chinese hedge funds that manage over 10 billion yuan ($1.4 billion) rose more than 8 percentage points to 82% in the week ended Aug. 15, according to Bloomberg calculations of data from Shenzhen PaiPaiWang Investment & Management Co., a fund data provider. That’s the biggest weekly increase in about two years.
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