This was reported by the Xinhua-run cnstock.com by citing Mark Matthews, head of research for Asia at Julius Baer Group, on Tuesday.
Matthews believed that Chinese stock prices are generally not very high, high-quality companies that perform well would be attractive to investors in the next five years, with sectors like technology and consumption especially popular.
“Global investors remain bullish on China’s economy because of the growing number of consumers and the vigorous development of digital economy,” said Matthews.
“In the long run, investing is better than keeping wealth in the form of cash,” said Matthews.
He revealed that Julius Baer’s portfolio includes 53 per cent in stocks, 37 per cent in bonds, 5 per cent in other investments and 5 per cent in cash at this time. (Xinhua/NAN)