Big Chinese Share Sales Are Luring Back Long-Term Investors
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Global long-term investors are placing billions of dollars worth of orders in Chinese deals after years of largely shunning them.
In the past week in Hong Kong, deep-pocketed firms known as “long-only” investors — such as mutual funds — have bought shares in electric-car giant BYD Co. and bubble-tea maker Mixue Group, as well as Baidu Inc. bonds exchangeable into Trip.com Group Ltd. stock, according to people familiar with the matter.