China's Cabinet Said To Encourage, Attract More Private Capital To Participate In The Construction, Renovation, Operation And Maintenance Of Some Infrastructure Facilities
Portfolio Pulse from Charles Gross
China's cabinet is reportedly encouraging and attracting more private capital to participate in the construction, renovation, operation, and maintenance of some infrastructure facilities, according to Reuters.
July 14, 2023 | 10:45 am
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POSITIVE IMPACT
The news may attract more investment into China's infrastructure sector, potentially benefiting the iShares China Large-Cap ETF (FXI), which has exposure to this sector.
The news indicates a potential increase in private investment in China's infrastructure sector. As FXI has exposure to large Chinese companies, including those in the infrastructure sector, it could see a positive impact from increased investment in this area.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70