The billionaire investor argued that pension fund managers who ostensibly follow ESG guidelines but invest in Chinese stocks are duping themselves - and their retiree clients.
tirsdag 31. august 2021
Investors who buy into China's stock-market rebound are set for a 'rude awakening,' says George Soros
George Soros, the prolific investor and liberal philanthropist, told investors to be wary of Chinese stocks in a Financial Times op-ed on Monday. In the wake of this year's regulatory clampdown that has crushed share prices, "Chinese financial authorities have gone out of their way to reassure foreign investors and markets have responded with a powerful rally," Soros wrote. "But that is a deception. Xi [Jinping] regards all Chinese companies as instruments of a one-party state. Investors buying into the rally are facing a rude awakening," he added.
The billionaire investor argued that pension fund managers who ostensibly follow ESG guidelines but invest in Chinese stocks are duping themselves - and their retiree clients.
The billionaire investor argued that pension fund managers who ostensibly follow ESG guidelines but invest in Chinese stocks are duping themselves - and their retiree clients.
