stock picking

Old Wall Street strategies are now hugely profitable in China

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.

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