April 1, 2021
Chinese technology and financial regulation have been on the rise. And big tech companies such as
Tencent, Baidu, iQiyi, and Vipshop have seen their stock prices fall. Additionally, the forced liquidation of
key investment firm Archegos Capital Management hit these companies hard. However, KraneShares
CIO Brendan Ahern says this just sets the KraneShares CSI China Internet ETF back YTD, and that ultimately they are still bullish on the medium and long-run outlook for this sector. ETF Trend’s CEO
David Lydon, says this is a buying opportunity and these are key innovators in global technology.
(Shanghai)
FINSUM + Magnifi: Increases in oversight are an ever-looming threat to growth opportunities in China, but these large companies are resilient and may bounce back stronger.
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