A Pictet spokeswoman said the information is incorrect. “Pictet Asset Management does not hold this position. The Hong Kong Stock Exchange has been informed accordingly,” the spokeswoman said.
Chinese shares have surged since late-September as a barrage of economic, financial and market-support measures reinvigorated investor confidence and prompted the likes of Goldman Sachs Group to upgrade the nation’s stocks to overweight.
Hong Kong Exchanges & Clearing was not immediately available to comment.
