Megaphone icon ETF Database is now VettaFi. Read More >
ETFdb Logo
ETFdb Logo
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • Entrepreneur ETF
    • Equity ETF
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Future ETFs
    • Gold & Silver Investing
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Modern Alpha
    • Multi-Asset
    • Multi-Factor
    • Nasdaq Investment Intelligence
    • Portfolio Strategies
    • Retirement Income
    • Smart Beta
    • Thematic Investing
    • Volatility Resource
  • Database
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
    • ETFs Future-Forward 2021: An iShares Investing Symposium
    • Three Themes for 2021: An iShares & MSCI Investing Symposium
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Videos & Podcasts
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Emerging Markets Channel
  2. China Considers Easing Up on Tech Crackdown
Emerging Markets Channel
Share

China Considers Easing Up on Tech Crackdown

James ComtoisMay 03, 2022
2022-05-03

In a sign that China’s leaders may ease up on the crackdown on technology companies, the Cyberspace Administration of China, the country’s top internet regulator, is set to meet with the country’s tech giants including Tencent and Meituan this week to discuss the regulatory campaign against the sector. Citing people familiar with the matter, the Wall Street Journal is reporting that regulators are looking to hold off on new rules limiting the time that young people spend on mobile apps.

This meeting comes at a time when China’s economic outlook is uncertain due to regulatory uncertainty exacerbated by strict COVID measures. The nation’s tech industry has also faced significant stock selloffs and job layoffs.

“The Chinese government – much like the U.S. and other governments – has been trying to catch up in regulating a technology sector that has grown at an incredible rate over the past decade,” said Kevin T. Carter, founder and CIO of EMQQ Global. “I don’t believe the goal has ever been to cause long-term harm to their internet giants but rather to do what all governments are trying to do. This meeting may signal that the government feels they have caught up.”

Chinese tech stocks rallied on Friday after news of the meeting broke, with the Hang Seng Tech Index rising 10% in Hong Kong, led by such firms as Alibaba Group Holding Ltd. and JD.com Inc.

The Communist Party’s Politburo said that authorities plan to unveil measures that support the healthy and normal development of the platform economy. Bloomberg is quoting Singapore-based Straits Investment Holdings Pte fund manager Manish Bhargava as saying that Politburo’s statements “are very bullish for the market,” adding that the rise in tech stocks “could imply that maybe some kind of a near-term floor is in place.”

“Valuations and growth have been there for quite some time. Investors now need a third leg to stand on,” Carter added. “And that’s positive sentiment. These developments are steps in the right direction.”

This meeting between regulators and China’s biggest tech firms should impact EMQQ Global’s Emerging Markets Internet & Ecommerce ETF (EMQQ B-), of which more than half of its assets are weighted towards the country. By focusing on internet and e-commerce in emerging markets, EMQQ looks to capture the growth and innovation happening in some of the largest and fastest-growing populations in the world.

For more news, information, and strategy, visit our Emerging Markets Channel.

Loading Articles...
Help & Info
  • Contact Us
  • Mission Statement
  • Press
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © ETF Flows LLC
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

Equity ETF Channel

Retirement Portfolio Redux: Is the 60%-40% Portfolio Dead?

Debbie CarlsonOct 22, 2020
2020-10-22

With the 10-year U.S. Treasury yield hovering below 1% and Federal Reserve Chairman Jerome Powell...

Equity ETF Channel

Portfolio Diversification Isn't Dead, It Was Just Sleeping

Debbie CarlsonOct 15, 2020
2020-10-15

Investors could be forgiven to think there was no reason to invest outside of the U.S. for the...

}
X