Market views: Have China's new cybersecurity rules made its stocks less attractive?
Some short-term re-positioning may be needed, but as regulations become clearer, the valuation of Chinese stocks, especially in the tech sector, remains attractive, experts said.
A regulation overhaul in China on cybersecurity is happening swiftly after the government’s crackdown on ride-hailing firm Didi, and fund managers think short-term repositioning and sector shifts need to be considered on Chinese stocks.
Right after Didi’s $4.4 billion initial public offering (IPO) on the New York Stock Exchange on June 30, the Cyberspace Administration of China began its clampdown on the firm, and subsequently it published a draft revision to the country's cyberse…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.