Barron's Live What's Behind China's Stock Market Rally
Sep 15, 2025
Roderick Snell, an Emerging Markets & Asia fund manager at Baillie Gifford, shares his expertise on the surge of Chinese stocks along with other Asian markets. He dives into what’s fueling this rally, touching on the appeal of various sectors. Snell highlights Vietnam's reform-driven potential and contrasts it with high valuations in India. The conversation also navigates anticipated Federal Reserve decisions and their possible market impacts, alongside insights into major Chinese tech companies like Tencent and Alibaba, as well as the evolving electric vehicle landscape in China.
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Why China’s Market Rebounded
- Chinese stocks rallied because valuations were deeply depressed, companies kept growing, and policy shifted to support private firms.
- Roddy Snell argues this combination is the main catalyst behind the market rebound.
Monitor A‑Share Flows For Momentum
- Watch A‑share inflows as Chinese savers shift deposits into equities; even small flows can fuel big market moves.
- Consider local-market exposure if domestic savings rotate from banks into stocks.
Where To Find Value In China
- Prefer world-class industrial and tech leaders, inefficiencies in US-listed names, and self-reliant suppliers tied to China’s technology push.
- Avoid broadly competing businesses and state-owned financials lacking shareholder-return incentives.