China To Deepen State Co's Role In Energy, Resources, Grain
Portfolio Pulse from Happy Mohamed
China plans to deepen the role of state companies in the energy, resources, and grain sectors, according to Bloomberg. This move could potentially impact the iShares China Large-Cap ETF (FXI), which includes state-owned companies.
July 18, 2023 | 1:01 pm
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NEUTRAL IMPACT
China's decision to deepen the role of state companies in key sectors could impact the iShares China Large-Cap ETF (FXI), which includes state-owned companies.
The news directly pertains to China's state companies, which are included in the FXI ETF. The impact on the ETF will depend on how these changes affect the performance of the state companies. As the specifics of the changes are not detailed, the score is neutral.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80