# Fidelity China Special Situations May Factsheet, China equities rally

- Link: https://www.directorstalkinterviews.com/fidelity-china-special-situations-may-factsheet-china-equities-rally/4121162035
- Published: 2024-06-25T10:38:39+01:00
- Author: Amilia Stone

**[Fidelity China Special Situations](https://www.directorstalkinterviews.com/company/fidelity-china-special-situations/fcss.l)**(
LON:FCSS) has announced its monthly summary for May 2024.

**Portfolio Manager Commentary**

Chinese equities rallied in the recent months, recouping some of previous losses.
Investor sentiment has turned relatively optimistic amidst better-than-expected 
GDP growth and upbeat tourism data for the May holiday week. Meanwhile, the market
has positively responded to the government’s extended policy stimulus to revive 
demand and reduce housing inventory for the ongoing property slump. Recently introduced
measures to encourage Chinese companies to either issue higher dividends or buy 
back more shares to improve total shareholder returns are now beginning to deliver
positive results for shareholders, which has also supported investor confidence.
At the same time, valuations in the Chinese equity market still present attractive
opportunities, comparing with other major markets.  

Security selection within the consumer discretionary sector enhanced gains and holdings
in Hisense Home Appliance and Crystal International advanced. Shares in BC Technology
rose amid the overall strength of cryptocurrency prices. Sentiment towards logistics
company Sinotrans benefited from its growing revenue amid an increase in export 
volumes and freight rates. Enhanced shareholder returns also supported sentiment.

Over the 12 months to 31 May 2024, the Trust’s NAV increased by 8.9%, outperforming
its reference index, which delivered 1.5% over the same period. The Trust’s share
price advanced 10.1% over the same period.

[FCSS-Factsheet-May-2024](https://www.directorstalkinterviews.com/wp-content/uploads/2024/06/FCSS-Factsheet-May-2024.pdf)
[Download](https://www.directorstalkinterviews.com/wp-content/uploads/2024/06/FCSS-Factsheet-May-2024.pdf)

**Fidelity China Special** **Situations PLC** (LON:FCSS), the UK’s largest China
Investment Trust, capitalises on Fidelity’s extensive, locally-based analyst team
to find attractive opportunities in a market too big to ignore.

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