On March 18th, as global funds gradually shift their focus to Chinese assets, multi billion dollar private equity firms are targeting Hong Kong stocks, which are a low value area for Chinese assets. Recently, Gao Yuncheng, a partner of the billion dollar private equity firm Jinglin Asset Management, revealed in an internal communication that he has sold all of his holdings of American companies and focused on holding Hong Kong stocks. Since February, Ningquan Asset Management, led by well-known fund manager Yang Dong, has been actively buying multiple Hong Kong stock targets. According to interviews with reporters, several well-known private equity firms with billions of dollars are actively investing in Hong Kong stocks. From the specific investment opportunities they are concerned about, technology, pharmaceuticals, and other areas are important directions. In the eyes of industry insiders, the reassessment of Chinese assets has already begun, and Hong Kong stocks and A-shares may become a battleground for domestic and global capital. (Shanghai Stock News)
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