Investors, including Regal Partners, have been building up exposure to China’s sharemarket amid growing anticipation that Beijing is on the cusp of announcing a public spending package to further kickstart the economy.
Foreign money piled into China in the lead-up to the Golden Week holiday that started last week, as traders frantically jumped on the bull market ahead of policy measures that pundits are tipping could be announced on Tuesday just as the market reopens from the public holiday.