The stock’s promising performance stands in sharp contrast to the less fortunate fates of other Chinese companies that have been affected by government clampdowns.
Select names in the internet, domestic consumption, tourism, and digital marketing sectors should show decent performances, while the overall market sentiment is expected to pick up after the first quarter.
Some estimates put potential US redemptions from investments in Chinese equities at up to $400 billion if the Biden administration were to ramp up legal sanctions.
Flows into Hong Kong stocks via the trading link has accelerated, while A-share investment has been tepid, amid renminbi weakening and rising demand for foreign assets.