China’s benchmark stock index may surpass this year’s highs as private consumption and investment boost demand for health-care services and real estate, Fortis Haitong Investment Management Co. said. The Shanghai Composite Index, which doubled from November to 3,471.44 on Aug. 4, may rise to as much as 3,600 by the end of the year, said Liu Hong, Shanghai-based fund manager at Fortis Haitong, which oversees $6.4 billion in assets. The gauge rose 1.2 percent to 3,026.74, closing above the 3,000 mark for the first time in one month.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aa9gqIzRmOtU
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