“COVID-zero policy has been mentioned as the biggest hurdle facing investors as they look to understand China’s current policy focus,” Morgan Stanley analysts said in a report Wednesday, June 29. “These latest developments will help rebuild investor confidence that economic growth is being prioritized.
Shares in e-commerce giant Alibaba, which were pounded through 2020 and 2021, have rallied 60% from a record low in March. Anatole Investment Management Ltd, a Hong Kong-based firm managing around $1.9 billion with its flagship fund, saw monthly returns turn positive for May and extend in June after a 22% drop in the first four months, people familiar with its performance said. They requested anonymity because they are not authorized to speak publicly.
Source: Financial Digest (financialdigest.net)
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