Traders Seek Winners as China’s Widening Crackdown Stuns Markets
- New energy, chip makers are deemed winners amid paradigm shift
- Tech stock rout deepens, along with property, health care
Stocks in wind and solar firms have benefited from China rolling out policies to help achieve its task of reaching net-zero emissions in 2060.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Investors are quickly revising their playbooks in China’s $12 trillion equity market as Beijing widens a clampdown on businesses it blames for exacerbating inequality and increasing financial risk.
Traders are now scrutinizing the stocks they hold for whether they match the party line, amid education sector reforms and Beijing’s tighter oversight on everything from internet and real-estate firms to food delivery platforms.