I really have to hand it to the Chinese authorities for making such a 180-degree turn in changing the market sentiments towards Chinese/Hong Kong-listed stocks.
While many are excited by the recent surge in share prices (starting from late October 2022), many long-time (bag) holders of Chinese/Hong Kong-listed stocks, with many stocks still in the red, are naturally skeptical of these large upswings.
KraneShares CSI China Internet ETF has risen approximately 95% from its low in Oct 2022.
I personally am vested in Tencent (0700.HK) stocks. In late May 2022, I divested my Alibaba (9988.HK) stocks and used the free-up capital to purchase these Tencent stocks. Technically for the amount I have invested, the investment is still in the red.
Tencent is currently the largest Chinese company by market capitalization at US$500.28 billion. Naturally many would look to Tencent as the barometer for Chinese/Hong Kong-listed stocks.
Sino-US tensions a key risk for Tencent
Tencent Holdings’ stock has experienced wild
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