Green power stocks have experienced steep declines in the last few months. Photo: Xinhua
Green power stocks have experienced steep declines in the last few months. Photo: Xinhua
Stocks

Chinese fund manager with best returns of 2020 ready to cut back on new-energy stocks amid high valuations

  • Lu Bin, whose HSBC Jintrust Carbon Awareness Equity Fund recorded the highest return among all Chinese stock funds, said it will be hard for traders to to turn a good profit in the clean-energy industry this year
  • An index tracked by financial data provider Wind Information is down 9 per cent so far this year compared with a 74 per cent surge in 2020

Green power stocks have experienced steep declines in the last few months. Photo: Xinhua
Green power stocks have experienced steep declines in the last few months. Photo: Xinhua
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