BlackRock China Fund has been trimming its bets on Chinese tech stocks, manager Lucy Liu says. Photo: Bloomberg
BlackRock China Fund has been trimming its bets on Chinese tech stocks, manager Lucy Liu says. Photo: Bloomberg
Stocks

BlackRock trims Alibaba, Tencent, Meituan on ‘ongoing’ China tech crackdown and valuation risks, adds financials, energy in reflation bets

  • BlackRock has reduced its holdings in Chinese technology stocks over the past three quarters, and added banks in economic reflation bets
  • The world’s largest fund manager is still positive on Chinese stocks because of recovery upside, ready to add tech on better valuations

BlackRock China Fund has been trimming its bets on Chinese tech stocks, manager Lucy Liu says. Photo: Bloomberg
BlackRock China Fund has been trimming its bets on Chinese tech stocks, manager Lucy Liu says. Photo: Bloomberg
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