Asset owners turn to onshore Chinese equities amid ADRs' muddy future
Pension funds and life insurers are still cautious about US-listed Chinese firms and some of them are switching to onshore A-shares.
Long-term investors are not convinced that China’s recent posturing on improving the regulations for US-listed Chinese equities will reverse the delisting pressure they face from US regulators who show little signs of concession.
Instead, asset owners and fund managers are turning to the onshore Chinese equity market and reallocating from technology, media, and telecom (TMT) companies to consumer and healthcare-related sectors.
The China Securities Regulatory Commission (CSRC) …
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