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UBP remains positive on China’s domestic-oriented sectors post-G20

UBP continues to favour China’s domestic-driven sectors — including consumer discretionary, infrastructure, internet gaming, education, and financials — given the post-G20 rally. Anthony Chan, chief Asia investment strategist at UBP, said China’s accommodative policies and attractive equity market valuations are the two key drivers of the country’s equity market. Yet, he believes uncertainties over Hong Kong’s stock market persist. “Although…

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