China wants its tech companies to flourish rather than flounder as market mistakes create value, JPMorgan fund says

China wants its tech companies to flourish rather than flounder as market mistakes create value, JPMorgan fund says

China wants its tech companies to flourish rather than flounder as market mistakes create value, JPMorgan fund says


Investors are making a mistake by taking a short-term view of the political and regulatory risks in Chinese stocks, given the lessons from the US-China trade and tech war, according to a top regional tech money manager at JPMorgan Asset Management.Those risks, amplified by tightening antitrust regulation of internet-platform operators and the tobacco industry, have contributed to a US$240 billion erosion in market value this year as the Hang Seng Tech Index and US-listed Chinese peers slumped…

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