Three reasons to stick with shaky Chinese stocks, according to Allianz
China’s crackdown on companies ranging from technology makers to video game publishers has led to losses of billions of dollars in Chinese stocks in recent months. But there are still reasons for investors to stick with the sharemarket of the world’s second-largest economy, according to Allianz.
Shares of e-commerce heavyweight Alibaba, tech and entertainment conglomerate Tencent and New Oriental Education, and others been have knocked down this year as Beijing regulators impose restrictions and rule changes that hit the way the companies conduct business. The Chinese government is on a campaign to reform a wide range of business and social practices including limiting the amount of time children can play video games each week.
BusinessInsider.com.au
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