Published on 22 Oct 2023 on Insider Monkey via Yahoo Finance
Top 15 Chinese Companies on US Exchanges
In this article, we will take a look at the top 15 Chinese companies on US exchanges. To see more such companies, go directly to Top 5 Chinese Companies on US Exchanges.
Major crackdowns, slowing growth, real estate debacles and overall uncertainty took a toll on Chinese stocks and the country’s economy throughout the year 2023. However, latest data points to some hope that economic activity might be rekindling in China. Chinese factories saw a jump in activity in September for the first time since the spring, according to a report from the Wall Street Journal.
Talking to Bloomberg in September, James Wang, head of China strategy at UBS Investment Bank Research, said that he “feels” that Chinese stocks are bottoming. The analyst said he based his thesis on five signals, including outflows, yield, turnover, PMI and multiples. The analyst said that individually, these signals are not strong indicators but when read together they can provide a solid picture.