Bridgewater Associates said it is still bullish on Chinese stocks this year, after the local market’s rally helped its onshore hedge fund post a 45% gain in 2025, the best performance in at least five years.
Following substantial gains last year, Chinese stocks “remain attractive to some extent” after corporate profit expectations improved, Bridgewater’s onshore private fund management arm said in its December letter to investors. The company is “moderately optimistic” on equities both in absolute returns and relative to other assets, the Shanghai-based unit said in the report, seen by Bloomberg News.