Source:
https://scmp.com/business/china-business/article/2104907/rebound-chinas-chinext-tech-stocks-wont-last-says-fortune-sg
Business/ China Business

Rebound in China’s ChiNext tech stocks won’t last, says Fortune SG

China’s ChiNext board for start-up firms is in the spotlight after its benchmark index rallied the most in a year last Thursday and a state-backed fund that bought stocks in an attempt to shore up equities during the 2015 market crash purchased major stakes in three ChiNext companies for the first time.

Still, it isn’t enough to convince Fortune SG Fund Management and some of the nation’s biggest brokerages that the board comprising 663 start-up firms is about to pull out of a two-year decline.