Winners and Losers in Chinau2019s Sweeping Private-Sector Crackdown


Source: timesofnews.com timesofnews.com

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Article content Banks and industrials are probably “the safest” in the short term, said Louis Lau, director of investments at Brandes Investment Partners. But “if I’m looking to double or triple my money in the next five years, it’ll probably have to come back to the areas of greatest pressure,” he said. Hardcore Innovation While Hong Kong’s Hang Seng Tech Index, with a heavy concentration of Chinese consumer-internet stocks, has plunged 25% so far this year, Shanghai’s Star 50 Index, which is loaded with semiconductor, renewable-energy and high-end manufacturing companies, has risen 7.5%. The disparity shows just how hardware tech...