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By Gergely MAJOROS, Member of the Investment Committee Carmignac
Three months after the milestone speech by Vice Premier Liu He, investors have to admit that the so-called “Beijing Put” has worked out. The prior bleeding of the beleaguered Chinese tech stocks has not only stopped but even reversed, as illustrated by the recent positive performance of the Nasdaq Golden Dragon index. As a result, many investors may ask themselves the same question. Is it still a good idea to jump on the wagon or has the opportunity already passed?
The recent easing of the lockdown measures in China has certainly helped boost the sentiment of investors in Chinese equities. More importantly, the Chinese leadership has started to deliver on its announcements,...
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