"Investors operate with limited funds and limited intelligence, they don’t need to know everything. As long as they understand better than others, they have an edge.” – George Soros
I think that the valuation of both China and HK market has been very depressed since the turn of the year. If i remember correctly, the forward PE of the hong kong market (HSI below 20,000) was -2 SD away from the mean which i believe is an opportunity for medium and long term investors to take positions. Ultimately, market always do mean reversion after extreme valuations. This second half of the year, i believe that the chinese government will be implementing fiscal policies to stimulate growth and support the economy aggressively to be as close to their target GDP growth target of 5.5% end of 2022.