Deutsche Bank recommends Chinese shares

Deutsche Bank AG recommends China's yuan-denominated shares due to cheap valuations and the prospects of economic stimulus, according to Ajay Kapur, head of Asian equity strategy at the bank.

The nation's regulators also "want the market to go up", said Kapur, referring to measures by the government to boost the stock market, such as allowing foreign investors to buy more equities. He recommended Chinese airlines, brokerages and insurers.

China Daily-Agencies