Sell Tech, Buy Green Is Wall Street’s Playbook for Trading China
- “Being aligned with long-term policy goals matters a lot”
- Strategists say there’s less risk in China’s A-share market
Photographer: Qilai Shen/Bloomberg
This article is for subscribers only.
Sell businesses that politicians want to reform and buy the ones they want to build. That’s the advice coming from Wall Street equity strategists for anyone trying to navigate Chinese markets.
The fast-moving and sweeping regulations coming from Beijing have upended the investment case for China and sowed confusion among money managers about how to make sense of regulations that touch everything from Internet giants and ride-hailing apps to education and housing.