Investors pivot to selective China bets in technology as property growth fades: DBS Bank

DBS forecasts that China’s benchmark CSI 300 Index will reach 9,500 by 2040, more than double its current level The sentiment among investors that China is a “single bet” is giving way to picking individual winners, with technology displacing property as the engine of growth, according to DBS Bank (Hong Kong). “Instead of looking at China as one big thing, there are selective sectors that we think will benefit from this trend,” Dennis Lam, managing director and head of research at the bank, said during a media briefing on Thursday. Artificial intelligence, advanced manufacturing and innovative drugs would become key drivers for the Chinese economy by 2040, signalling “a clear shift away from traditional physical assets to technology,” he said.

Read the full article at the source →