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Hedge-fund billionaire Ray Dalio says don't let Beijing's regulatory actions scare you away from investing in Chinese stocks

Hedge-fund billionaire Ray Dalio says don't let Beijing's regulatory actions scare you away from investing in Chinese stocks


Getty Images / Roy Rochlin




Beijing's regulatory crackdown on its tech economy shouldn't spook investors, Ray Dalio said on Friday.




He defended China's tightening policies, saying they are aimed at steady development of capital markets and entrepreneurship.




Both US and Chinese equities should be included in one's portfolio, he said.




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Billionaire investor Ray Dalio said he isn't fazed by Beijing's regulatory crackdown affecting stocks of technology companies such as Didi, arguing the government's moves don't signal a reversal of longstanding policy trends.He defended China's recent move to increase its grip on collection and use of data from all corners of the technology sector. Some Chinese stocks have logged their steepest declines in 2021 in the wake of the government's clampdown."China is a state capitalist system, which means that the state runs capitalism to serve the interests of most people and that policy makers won't let the sensitivities of those in the capital markets, and rich capitalists stand in the way of doing what they believe is best for most people of the country," the founder and co-chief of hedge fund Bridgewater Associates wrote in a LinkedIn post on Friday.Despite the recent jitters, Dalio believes the US and Chinese markets both hold opportunities and risks, and are competent diversifers.
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