Since then, China’s stock market has gained more than 50%. In a recent interview, Wong reiterates his stance that this is just the beginning, and not the end. “If you look out for five years or 10 years, China’s success will not be less than in the past. The best years of China are not behind, but ahead. And therefore, my view is that China is very likely to have entered a multi-year bull market.”
For veteran fund manager Wong Kok Hoi, the recent pickup in China’s stock markets is a clear vindication. When Chinese stocks were beaten down over the past few years, he stuck to his guns and declared his optimism loudly.
“I’ve never seen this kind of value in China in the last few years. I am bullish not because I expect very high growth rates; I am bullish because the market has more than discounted the bad news out there,” he told The Edge Singapore in an interview in November 2023.
