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Stock impact report

China tech stocks have ‘a lot of upside’ and peak regulation is over, fund management firm says [CNBC]

JD.com, Inc. - American Depositary Shares (JD) 
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am Check Earnings Report
US:NASDAQ Investor Relations: ir.jd.com
Company Research Source: CNBC
“I think we’ve seen peak regulation,” he told CNBC’s “Squawk Box Asia” on Wednesday. He said the rules introduced in recent years were meant to create long-term stability in the sector. “I think that’s in the past,” said Krane, the founder and chief executive officer of KraneShares. “I do not foresee much regulation going forward.” He added that the Chinese tech industry makes up a big portion of the economy. “It’s a very important sector, it’s the consumer of China — so I think you’re gonna see a lot of support around the sector going forward as China reopens.” Chinese tech stocks have had some difficult years following the regulatory crackdown and amid the ongoing Covid restrictions, though the sector has recovered slightly on reopening hopes. Some analysts say valuations for Chinese stocks are looking cheap. Ramiz Chelat of Vontobel Asset Management said he was relatively optimistic about the internet sector — but added that he was selectively so. The portfolio manager poin Show less Read more
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