Some US$3.2t of listed Chinese firms exposed to further regulatory shakeup
Goldman Sachs strategists see value, however, in Chinese offshore equities on a 12-month basis, with 8% implied return to their index target
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SOME US$3.2 trillion worth of listed Chinese companies, mostly residing in industries such as Internet, education, media and entertainment, real estate as well as healthcare, could be exposed to further regulatory tightening, Goldman Sachs Asia Pacific strategists estimate.
Looking at China's recent regulatory shifts which have wiped out more than US$1 trillion in market value from Chinese equities since their peak in mid-February, Timothy Moe, Goldman Sachs' chief Asia Pacific equity strategist, and Kinger Lau, its chief China equity strategist, said regulation would likely be a continuing and prominent feature of the Chinese equities market for the foreseeable future.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
