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China Insights

Monthly update on Chinese markets
23 December 2021
    Download the full reportPDF, 2.15MB


    • MSCI China has trailed MSCI AC World by a staggering 38 per cent year to date
    • Poor performances within consumer discretionary, communication services, financials, and information technology are mainly responsible for Chinese equities’ underperformance vs world equities
    • Nearly half of Chinese equities’ underperformance could be traced back to internet regulations
    • Chinese equities now boast very attractive valuations, at least for those who believe that the regulatory storm is more or less settled