China's Xi Makes It 'Next To Impossible' To Do Business, Hedge Funder Protests
Portfolio Pulse from AJ Fabino
Kyle Bass, CIO of Hayman Capital Management, expressed concerns about the changing business climate in China under Xi Jinping. Bass highlighted the shift towards a party-centric approach, legal uncertainties for Western companies, and aggressive police actions as deterrents for foreign investments. He also noted the potential for a Chinese invasion of Taiwan. The article suggests monitoring ETFs with exposure to Chinese equities, including iShares MSCI China ETF (MCHI), SPDR S&P China ETF (GXC), Global X MSCI SuperDividend EAFE ETF (EFAS), and KraneShares CSI China Internet ETF (KWEB).
August 23, 2023 | 5:49 pm
News sentiment analysis
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NEGATIVE IMPACT
Global X MSCI SuperDividend EAFE ETF (EFAS) could be impacted by Beijing's shift towards state-owned resource allocation.
The ETF focuses on state-owned entities, which could be affected by Beijing's shift towards state-owned resource allocation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
SPDR S&P China ETF (GXC) could be affected by the evolving business environment in China, including the shift towards a party-centric approach and legal uncertainties.
The ETF tracks large and mid-sized companies in China, which are likely to be affected by the changing business and regulatory climate in the country.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
KraneShares CSI China Internet ETF (KWEB) could face uncertainties as China doubles down on party-centric regulations.
The ETF could be vulnerable to the new set of uncertainties for internet-based businesses in China due to party-centric regulations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
iShares MSCI China ETF (MCHI) may be impacted by the changing business climate in China, including the shift towards a party-centric approach and legal uncertainties.
The ETF has broad exposure to Chinese equities, which are likely to be affected by the changing business and regulatory climate in China.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80