Tech stocks in China are on the rise (and in HK).
You may recall:
JPM amended the note to read 'unattractive' but the 'uninvestable' did leak out on a few notes.
Since then though (note was from late March) JPM have flipped:
- have lifted their views on at least 15 Chinese tech firms (including Tencent and Alibaba)
- JPM say now that the uncertainty around tech stocks was starting to recede after a slew of recent regulatory announcements