Another foreign giant announces an increase in Chinese assets

On November 20th, George Efstathopoulos, a fund manager at Fidelity International, said in his latest speech that he made a new bet on Chinese class A shares last week. Now the position of Chinese stocks has returned to the level of "3% - 3.5%". At present, Efstathopoulos manages assets of nearly 3 billion US dollars (about RMB 21.70 billion). Efstathopoulos said that he is optimistic that China's fiscal stimulus policy can support moderate economic growth, and domestic stocks are "more immune" to geopolitical problems. Mid-cap stocks will benefit more from stimulus measures, and the CSI 500 index may be the biggest winner. In the face of uncertainty about Mr. Trump's imminent return to the White House, he believes China may have enough "policy firepower" to respond, taking the necessary steps to ensure that domestic economic growth is at an appropriate level.