Brokers, investors back Chinese state firms, toeing Beijing’s line

SHANGHAI — China’s biggest brokers and investors are touting the value in the economy’s state-owned sector as they toe Beijing’s line on building a market “with Chinese characteristics,” triggering a big jump in the share prices of these firms. Brokerages have rushed to recommend “undervalued” stocks of state-owned enterprises (SOEs) to their clients, while fund […]

SHANGHAI -- China's biggest brokers and investors are touting the value in the economy's state-owned sector as they toe Beijing's line on building a market "with Chinese characteristics," triggering a big jump in the share prices of these firms. Read More

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