Citi has identified three U.S.-traded Chinese stocks that are positioned to benefit from Beijing's recently announced economic stimulus program. China introduced several supportive policies last month to revive its economic growth and bolster market and consumer confidence. The Chinese government's efforts have already shown a significant impact, with Chinese internet stocks experiencing substantial gains last week.
Tencent has a diverse portfolio of businesses, including social media, gaming, and digital payment services, which could be impacted by increased consumer spending and online activity. "We believe the possible revive economic growth following positive stimulus policy will likely lead to improving advertisers ad spend sentiment which will benefit online ad revenues growth for Tencent, Weibo and others," the analysts noted.
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