, Columnist
China's New Stock Mantra
Investors are betting on Xi soft power buoying state-owned construction and oil firms.
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As Chinese individual investors tip back into stocks two years after the market rout, they're applying one lesson learned in 2015: buy what's close to Beijing's heart.
Purchasing stakes in state-owned enterprises is the way to go. Of the about 3,000 companies listed in mainland China, the largest government firms have returned an average 11 percent since January, data compiled by Bloomberg show. Regional SOEs have gained 5.9 percent, while you'd be under water if you'd bought into some of the nation's private corporations.