China's stock rally may see a 'meaningful correction soon,' BofA says

China's blistering stock market rally may face a correction.

REUTERS/Stringer

• China's markets have been posting strong gains for weeks. But BofA warns there may be a correction.
• China's market rally looks similar to 2015's boom and bust cycle, BofA strategists say.
• At the time, China was trying to rebalance its economy, and Alibaba's NYSE IPO was a key moment for Chinese tech.

China's stock markets have been a bright spot in recent weeks amid a bloodbath on Wall Street — but the rally may not last.