(New York News) After China's technology stocks have fallen recently, some investors believe that it has bottomed out and increases good news, which is a good time to buy;The biggest problems such as slowing economic growth have not been resolved, and the prospects are unclear.
According to the Wall Street Journal of the United States on Thursday (August 11), Chinese technology stocks have generally plummeted recently, which can be attributed to China's extremely strict dynamic zero -resistance policies, domestic economic slowdown, and the Chinese government's technology industry in the technology industry.The drag brought by rectification measures.
It is reported that since the total market value in February last year, the total market value of Chinese science and technology stocks Alibaba, Tencent and Meituan has shrunk by more than $ 1.2 trillion (about S $ 165 million).Among them, the market value has reached 858 billion US dollars e -commerce giants Alibaba, with a market value of only 240 billion US dollars on Wednesday (10th).Internet giant Tencent's stock price also fell to the lowest point earlier this month.The best performance of these three stocks has also fallen by about 60%from the peak value of February 2021.
Some investors and large fund managers believe that they are now buying the opportunity. According to analysis, the Chinese government's attitude towards technology companies tends to be mild, and signs of consumption rebound will help promote the higher technology stocks.
Some people in the industry analyzed that the biggest good news was the relief of China's domestic political pressure. It is believed that the Political Bureau of the Central Committee of the Communist Party of China has hinted that the rectification actions against the technology industry in April are about to end.Essence
According to Xinhua News Agency reported on April 29, the Political Bureau of the Central Committee of the Communist Party of China emphasized that it is necessary to promote the healthy development of the platform's economy and complete the special rectification of the platform economy.
Alibaba's financial report mentioned signs of China's initial exposure and recovery, which also encourages investors who are optimistic about the Chinese technology industry; they also believe that Chinese technology companies have learned how to cut costs and support economic slowdown.Zhang Yixiu, a partner in Hong Kong in Hong Kong, said that technology companies are now better at optimizing costs and more cautious in terms of business expansion. I believe that the situation in the second half of 2022 will be better than the first half of the year.
But some analysts believe that although the news of the Chinese technology industry may be dissipated, it does not necessarily mean that good news will follow.
Li Zhiying, director of the Greater China stock business of UBS Global Wealth Management, said that geopolitical risks and the potential adverse effects of China's weak real estate market on the economy will scare investment in the potential adverse effects of the economy.
It is reported that China ’s support for Russia after the invasion of Ukraine in Russia and the intensive tension in Taiwan have worsened Sino -US relations and affect investor confidence.
