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Longtime U.S. investor in China backs off further stock purchases in country – Xi and COVID cited

The Wall Street Journal (closed) with the report on “longtime Chinese investor” Tiger Global Management, quoting unnamed “familiar people”:

  • halted its investments in Chinese equities
  • Tiger leaders, including founder Charles “Chase” Coleman, have told others that Mr. Xi’s re-election and his stacking of the Communist Party leadership with loyalists at the recent party convention could heighten geopolitical tensions. and mean the country’s zero-Covid policy will likely continue, people said.
  • Concerns about what Beijing might try to do with Taiwan, a democratically self-governing island, have also grown.

This is the Chinese (HK) Hang Seng. On the bright side at least its half price now….

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