After the sharp rise in the stock market last month boosted fund returns, China's onshore hedge fund under Qiaoshui said at the time that it would continue to increase its exposure to Chinese stocks, saying that valuations are still attractive. Qiaoshui's Shanghai-based fund said in a letter to investors in the third quarter that despite the rebound in the Chinese stock market, prices are still low compared to profit prospects, and Qiaoshui will continue to increase its holdings moderately.

After the sharp rise in the stock market last month boosted fund returns, China's onshore hedge fund under Qiaoshui said at the time that it would continue to increase its exposure to Chinese stocks, saying that valuations are still attractive. Qiaoshui's Shanghai-based fund said in a letter to investors in the third quarter that despite the rebound in the Chinese stock market, prices are still low compared to profit prospects, and Qiaoshui will continue to increase its holdings moderately.