US media: International investors look at China’s growth potential
September 19, 2022 / China Network / A report published on the US website “CNBC” on September 14, indicated what Kevin O’Leary, an official of Osher Investment Company, claimed that “Chinese stocks are now cheap, it’s crazy to avoid the Chinese market, and it doesn’t make sense ”.
O’Leary explained that this is due to a combination of factors such as the expected size of China’s economic growth, the expected end of the regulatory dispute to be examined with the US, and the interdependence between the two economies.
O’Leary noted that there is no doubt that China’s economy will be the largest in the world in the next 20-25 years, adding that this is unstoppable and undeniable. “I own Chinese stocks, many of them, especially the global Internet. Giants,” he told her.
Additionally, the US Nasdaq website reported on Sept. 13 that investors should consider growth opportunities in China and seek out the most suitable exchange-traded funds (ETFs) to capture areas of expansion in the Chinese market.
In a recent live webcast, Brendan Ahern, director of investment at Crane Shares Fund, highlighted the long-term benefits of investing in emerging markets, particularly Chinese equities, as developing economies continue to outperform economies. advanced.
“China continues to be the place to be in the global market as US multinationals continue to try to grow in China and so far in 2022 the sales of these companies in China have reached $ 356 billion,” Ahern said.
As investors looked for ways to enter the Chinese market, Ahern highlighted the science and technology innovation sector (Starmarket), which supports high-tech infrastructure and emerging strategic industries, including artificial intelligence, the Internet, big data, cloud. computing and high-tech technological manufacturing. Star Market’s distinctive listing and remarkable success since its inception have quickly made this industry an attractive option for leading Chinese technology companies. “
Hong Kong newspaper “HKEJ” website on Sept. 16 reported that Hong Kong Monetary Authority chief Eddie Yu said that despite the decline in equity and bond capital outflows to mainland China this year, mainly due to the different monetary policies between China and the US and the reversal of bond premiums, but he is convinced that the short-term fluctuations will not lead to a reversal of foreign investment in the Chinese capital market.
Eddy told a forum that, in the medium and long term, there are a number of factors that will continue to drive international investors to diversify their investments in RMB assets, including the inclusion of RMB bonds in major bond indices. , growth prospects for the Chinese economy and greater recognition of the RMB as a reserve currency.
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