Certain segments of the Chinese stock market have 'done very well this year,' says Timothy Moe of Goldman Sachs.
There are pockets of opportunities in China's stock markets despite an increasingly challenging investment backdrop, says Goldman Sachs' Timothy Moe.
"There are certainly a host of challenges that China is facing right now — but we would push back quite vigorously on the sweeping statement that China is 'uninvestable,'" Moe, chief Asia-Pacific equity strategist and co-head of Asia macro research at the investment banking giant, told CNBC's "Squawk Box Asia" on Friday.
"It's just way too overarching and really misses a lot of the specificity that is needed to invest in China," he said. That narrative does not necessarily extend across the entire Chinese stock market, Moe said, adding that policy has in some cases served as a tailwind for some sectors. He cited the example of "hard technology areas" such as semiconductors, where Beijing has clearly signaled it wants to become self-sufficient in.announced it was building a $2.35 billion factory in Shenzhen — a major technology hub in the country.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Goldman Sachs has upgraded a raft of stocks to 'buy.' Here are 10 of its picksNew for subscribers: Goldman Sachs has upgraded a raft of stocks to 'buy.' Here are 10 of its picks. Check out CNBCPro today.
Consulte Mais informação »
Does Biden's Taiwan remark signal a shift in US' policy of ambiguity?President Biden made a bold remark, saying the US will defend Taiwan, a largely unrecognised country established by anti-communist Chinese dissidents, if ever China invaded it.
Consulte Mais informação »
China is pushing to develop its own chips — but the country can't do without foreign techChina's reliance on foreign firms in the semiconductor supply chain could make domestic giants vulnerable to geopolitical issues as was the case with Huawei.
Consulte Mais informação »
Simon Monjack's Family Pissed Over Brittany Murphy DocumentarySimon Monjack isn't the monster he was portrayed to be in HBO's newest Brittany Murphy doc, so says his brother, who feels he was duped into participating in the whole thing.
Consulte Mais informação »
Latino groups sue over Texas redistrictingThe lawsuit was filed as the Texas Legislature was nearing completion of U.S. House maps that shore up Republicans and do not add additional Latino majority districts, even though Latinos account for more than half of the state’s growth.
Consulte Mais informação »
Goldman Sachs has upgraded a raft of stocks to 'buy.' Here are 10 of its picksNew for subscribers: Goldman Sachs has upgraded a raft of stocks to 'buy.' Here are 10 of its picks. Check out CNBCPro today.
Consulte Mais informação »