Fund giant Fidelity putting 'money to work' in China after rout

Photo: Bloomberg

Fund giant Fidelity is putting money back into Chinese stocks and thinks the recent “indiscriminate” selling caused by the debt crisis at property giant Evergrande is presenting opportunities in the country’s beaten up bond markets.

Concerns about Evergrande’s fate alongside regulatory clampdowns on e-commerce, gaming and paid-for education this year has wiped more than a trillion dollars off China‘s markets.

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