China's President Xi Says Will Guide Financial Capital To Invest In Tech
Portfolio Pulse from Benzinga Newsdesk
China's President Xi Jinping announced plans to guide financial capital towards investments in technology, as reported by Reuters.
June 24, 2024 | 2:13 pm
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POSITIVE IMPACT
The announcement by China's President Xi Jinping to guide financial capital into technology investments could positively impact the iShares China Large-Cap ETF (FXI), which includes significant exposure to Chinese tech companies.
The directive from President Xi to channel financial capital into technology is likely to benefit tech companies within the FXI ETF, potentially driving up its value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80