• Bloomberg

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Mizuho Asset Management Co. may buy “cheap” Chinese banks and developers because they may outperform in a rebound by the nation’s stocks as inflation eases.

The firm, which has a “slightly underweight” allocation for Chinese financial companies, may buy shares of lenders such as Industrial & Commercial Bank of China Ltd., Masahiko Ejiri, a fund manager at the company, said in an interview in his Tokyo office Monday. Mizuho Asset oversees $41 billion, including Hong Kong-listed equities.

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