Thanks to their spectacular gains in 2009, equities in mainland China and Hong Kong are attracting the attention of investors across the world.
But navigating these markets is likely to prove treacherous in 2010, analysts warn, due to the risks of resurgent inflation, capital outflows and an end to the loose monetary policies that jacked up asset prices following the global crash.
Many investors are concerned that the easy money was made in 2009 when the Shanghai Composite rose 80 per cent and the Hang Seng gained 52 per cent.
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