China's Market Regulator Said Will Speed Up The Creation Of Rules, Guidelines, And Standards For The Protection Of Trade Secrets In High-tech Industries, Strategic Emerging Industries
Portfolio Pulse from Charles Gross
China's market regulator has announced plans to expedite the creation of rules, guidelines, and standards for the protection of trade secrets in high-tech and strategic emerging industries.
July 20, 2023 | 9:56 am
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may see indirect effects from China's announcement due to its exposure to multinational companies operating in China.
While SPY is not directly invested in Chinese companies, it does have exposure to multinational companies that operate in China. These companies may be indirectly affected by the new rules, but the overall impact on SPY is likely to be neutral.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The announcement by China's market regulator may impact the iShares China Large-Cap ETF (FXI), which includes high-tech and emerging industries.
The creation of rules for trade secrets protection in high-tech and emerging industries in China could potentially increase the attractiveness of companies in these sectors. As FXI includes such companies, it may see a positive impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70