Managers remain optimistic on China despite regulatory crackdown

More attention needed to country's ideology

Investment managers are far from writing China off despite recent stock market falls and increased government intervention.

However, they warn that more attention than ever needs to be paid to which companies will be viewed favourably by the Chinese government.  Chinese equities were the worst performers in July, with Hong Kong's Hang Seng index falling 9.6% at its trough. Although this has since improved, it is still down over 5% over the month in aggregate. Much of this poor performance has stemmed from a regulatory crackdown across a wide range of online services from food delivery apps to music streaming platforms by Chinese authorities.  As such, it is perhaps no surprise that the 30 worst-performing ...