Home Capital Global Economy

The opportunities in China's new economy

Sun Wanxin
Sun Wanxin11/13/2020 06:31 AM GMT+08  • 7 min read
The opportunities in China's new economy
China's "new economy" is worth watching, and many opportunites like in the IT, consumer discretionary and healthcare sectors.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The suspension of the Ant Group’s IPO, which would have been the world’s largest, has pivoted investors’ attention to China’s new economy. In Hong Kong’s stock market, the China new economy is not new. In January 2018, the Hang Seng SCHK New Economy Index (HSSCNE) was launched on the Hong Kong Stock Exchange. This was followed by the Hang Seng China New Economy Index (HSCNE) in September 2018.

For a while, both indices were relatively stable and correlated with the benchmark Hang Seng Index (HSI). However, after March 2020 — a trough for the global economy — the indices began to outperform the HSI.

Investors may be curious what “new economy” is all about. Actually, there are no clear boundaries. High-growth or cutting-edge technology industries can all be considered new economy.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.