There have been two recent headwinds that sent China tech stocks tumbling after its early surge in late March.
1. Policywise, Beijing’s Cyberspace Administration of China offered a strict outline of who would be able to offer artificial intelligence (AI) services in China and further rules were established in terms of controls such as the need for firms to submit security assessments before they launch their AI offerings to the public...
Ken Shih (pictured left) is head of wealth management, greater China, and Redmond Wong (pictured right) is market strategist, greater China, at Saxo Bank
This article first appeared in ETF Insider, ETF Stream's monthly ETF magazine for professional investors in Europe. To read the full article, click here.