After flushing out bears in late May 2023, China markets roared higher. The politburo indicated in its key meeting last week that it would loosen its regulatory crackdown on the technology industry. Markets are pricing over two years.
Alibaba’s (BABA) canceled IPO of Ant Group for $37 billion in Nov. 2022 marked the start of that crackdown.
For the YTD, the China Internet ETF (KWEB) is up 5.1%, compared to the -4.42% YTD return from the 2X Bull ETF, CWEB.
Fidelity China Special Situations PLC (LON:FCSS), the UK’s largest China Investment Trust, capitalises on Fidelity’s extensive, locally-based analyst team to find attractive opportunities in a market too big to ignore.