Mainland holdings under China Unicom jumped 41% since NYSE’s first delisting announcement.
The outgoing US president is considering expanding that blacklist of 35 firms to include Alibaba and Tencent. Other blacklisted stocks, including railway equipment maker CRRC Corp, China Communications Construction Co and semiconductor giant SMIC also witnessed heavy money inflows. Wan Chengshui, portfolio manager at Hangzhou-based Golden Eagle Fund Management Co, said he plans to increase his holdings in Tencent, if prices fall further.
Phillip Wool, head of investment solutions at Rayliant Global Advisors, said investors could find bargains as active investors dump shares to front-run passive outflows.
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