China

Cautious Excitement over China's A-Shares Market Opening

13 March 2019
MSCI's index gurus opened hundreds of exciting Chinese growth companies to global investment with its latest weightings adjustment. But it's a work in progress.

March 8, 2019 1:13 p.m. ET

 

Chinese stocks are hot again. Very hot.

The KraneShares Bosera MSCI China A Share exchange-traded fund (ticker: KBA), which tracks domestically-listed A-shares, rose 22% year to date. The iShares MSCI China ETF (MCHI), invested in offshore H-shares, is up 15%.

Rumors of trade peace with the U.S. are the primary driver. Beijing authorities have also done their bit by tilting away from deleveraging and toward economic stimulus. The index gurus at MSCI further bolstered the bull case on Feb. 28, more than quadrupling the weight of A-shares in their global emerging markets basket by the end of 2019. “This is definitely a game-changer,” enthuses Brendan Ahern, KraneShares’ chief investment officer.

 

Tencent Faces Middle Age

13 March 2019
What's next for a web phenomenon after securing 1 billion regular users? Tencent's bosses, and shareholders, are trying to figure that out.

Barron's

Jan. 18, 2019 

 

What does an online company do next after securing a billion regular users? Chinese phenomenon Tencent Holdings is trying to answer that question against the trickiest economic backdrop in China for at least a decade.

The company issued the 7.0 version of its ubiquitous social platform, WeChat, in December, the first “full number” upgrade in four years. WeChat creator Allen Zhang, whose aura among the faithful resembles Steve Jobs’, preached its virtues for four hours at a subsequent developers’ conference, focusing on new video-streaming features that will “let people record what they’re really experiencing.”