In virus-hit China, investors choose to play safe with bonds and deposits

In virus-hit China, investors choose to play safe with bonds and deposits

Photo: Reuters

Chinese investors are shunning equity funds and piling into bonds, deposits and money market products, as stocks tumble and a gloomy economic outlook saps demand for risky assets.

Money is heading so quickly into some deposit-investment vehicles that fund managers have started restricting flows to keep a lid on size.

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