Asset supervisor shares ‘safer manner’ to play China tech shares


QR codes for payments with the digital yuan seen in a vegetable market in Shanghai, China on May 7, 2021.

Yin Liqin | China News Service | Getty Images

Chinese internet giant stocks have beaten since Beijing regulators tightened control of the sector.

Alibaba, Baidu and Meituan stocks have all fallen this year.

The regulatory move resulted in the suspension of the high-profile IPO of Ant Group, Alibaba’s financial company, which would have been the world’s largest IPO.

Jian Shi Cortesi, investment director at wealth management firm GAM, said during CNBC’s PRO talks with Sri Jegarajah on Wednesday that the regulatory overhang will delay potential profits for tech companies.

Even so, she says there is “a much safer way” to stay invested in China’s financial technology.

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