TCTZF - EXCLUSIVE: 'China's Stock Market Has Bottomed Indicating A Potentially Rare Opportunity' Says Investment Strategist | Benzinga
In an exclusive interview with Benzinga, Henry Greene, Investment Strategist at KraneShares, shared insights into the investment approach and opportunities in China’s dynamic market.
KraneShares, with its focus on capturing the essence of the “New China” economy, emphasizes industries positioned for long-term growth. Greene noted that KraneShares is uniquely focused on the future growth of China, “as opposed to the industries that have driven the ‘Old China’ economy, such as manufacturing, real estate, and financials.”
China’s Internet Penetration Rate Presents An Opportunity
Regarding promising sectors, Greene highlighted China’s internet and technology industries. “China’s internet penetration rate remains low at 74%,” he stated, indicating significant growth potential. This is despite its consumers spending twice as much online as in the U.S. Per Greene, the government in China is currently prioritizing the development of domestic technology companies, especially in electric vehicles, clean tech, and semiconductors.
Optimism Amid Challenges: KraneShares CSI China Internet ETF (NYSE:KWEB)
Greene ...