KWEB: Beijing Is Becoming Incrementally More Friendly To Its Private Industries

Lintao Zhang/Getty Images News Note: I previously covered KWEB back in Fall 2021 at the heat of China’s tech crackdown. We cut our loss in 2022 in the mid 40s/share region. 2 years later from that post, I again believe KWEB represents a tradable opportunity as China’s selling pressure begins to get exhausted and multiple companies inside the index begin to enter a recovery phase. Buying the dip requires tremendous persistence. China still makes a great trade at the right swing lows. Discussed more below. China’s regulatory environment can sometimes be largely unpredictable, but one thing is for sure -…