中國經濟

China regulations spur investors to reassess tech sector

Proposals to curb dominance of mainland groups prompt fund managers to rethink holdings

Investors are reviewing their record holdings of mainland internet companies after Beijing proposed sweeping new antitrust rules for China’s technology industry.

Leading groups including Tencent, Alibaba and Meituan-Dianping have attracted record investment during the Covid-19 pandemic, according to data from Copley Fund Research, which tracks the investment activities of more than 180 of the world’s largest funds.

But Louise Dudley, a portfolio manager at Federated Hermes, said the combination of new regulations and a move by the Trump administration to prohibit American investors from investing in companies with suspected ties to the Chinese military, had heightened risk.

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