Forget high-flying tech stocks. Here’s a ‘safer way’ to play China’s fintech boom, fund manager says

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QR codes for funds utilizing the digital yuan seen at a vegetable market on May 7, 2021 in Shanghai, China.

Yin Liqin | China News Service | Getty Images

Shares of Chinese web giants have taken a beating since regulators in Beijing tightened scrutiny over the sector.

Stocks of Alibaba, Baidu and Meituan have all fallen this 12 months.

The regulatory clampdown resulted within the suspension of the excessive profile preliminary public providing of Ant Group, Alibaba’s finance affiliate, which might have been the world’s greatest IPO.

Jian Shi Cortesi, funding director at asset administration agency GAM, mentioned throughout CNBC’s PRO Talks with Sri Jegarajah on Wednesday that the regulatory overhang will delay the potential earnings of tech corporations.

Still, she says there’s a “a lot safer method” to keep invested in China’s monetary expertise area.



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