Business Maverick: JPMorgan’s China fund ramps up bets on tech as ‘worst over’

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The asset manager hasn’t significantly trimmed holdings of Chinese tech giants during a yearlong rout as the sector provides ‘critical value’ to customers. The flagship China fund has snapped up shares of Alibaba Group Holding and ...

JPMorgan Asset Management is doubling down on China tech stocks after enduring a tumultuous selloff, betting that a wind-down of regulatory crackdowns and attractive valuations will pay off big.

“A clearer and more defined regulatory framework around these Internet businesses is a definite positive,” Jiang said in an interview in Hong Kong this week. “The worst is over.” “Growth strategies have experienced a difficult period,” said Jiang. “But the regulatory headwinds and tightening could be a blessing in disguise for a lot of these Internet companies. I think this helped investors to identify and appreciate their real values.”

 

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