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China's crackdown 'past its peak', Beijing now focused on 'pro-growth measures': Indosuez

Jovi Ho
Jovi Ho • 7 min read
China's crackdown 'past its peak', Beijing now focused on 'pro-growth measures': Indosuez
“On a sequential basis, growth momentum will bottom out this quarter and gradually pick up in the second quarter.”
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About a year ago, Winnie Chiu, Hong Kong and China equity specialist at Indosuez Wealth Management, predicted that China tech stocks would steal the show.

This came on the back of a busy 4Q2020 for the Hong Kong, Shanghai and Shenzhen bourses, with 536 IPOs raising US$119.1 billion ($160 billion) in proceeds.

In her 1H2021 outlook, Chiu said: “In China, the diversity of tech companies is not as wide as that in Hong Kong. Now, those on the mainland can invest in tech listings in Hong Kong through Stock Connect. So, I do see that there will be more follow-up buying into China’s tech companies being listed in Hong Kong.”

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