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My investment in China tech stocks
18 Mar 2022 (591 views)  

I invested $4,120,000 HKD ($714,000 SGD) in 5 China tech stocks, namely Alibaba, Baidu, SMIC, XTE and New Oriental Education.

At the worst point on 15 Mar 2022, my holdings suffered a loss of 38.76%.

The stocks rebounded over two days. My loss has reduced to 21.87%.

The rebound was caused by two positive developments:

- The financial authority in China stated that they wish to see a stable stock market.
- They are likely to come into an agreement with US regulator regarding the listing of China stocks in America.

I hope to see further recovery of these stocks. 

Note - This is a personal observation. It is not financial advise.

Tan Kin Lian

My investment in China tech stocks
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I invested $4,120,000 HKD ($714,000 SGD) in 5 China tech stocks, namely Alibaba, Baidu, SMIC, XTE and New Oriental Education.

At the worst point on 15 Mar 2022, my holdings suffered a loss of 38.76%.

The stocks rebounded over two days. My loss has reduced to 21.87%.

The rebound was caused by two positive developments:

- The financial authority in China stated that they wish to see a stable stock market.
- They are likely to come into an agreement with US regulator regarding the listing of China stocks in America.

I hope to see further recovery of these stocks. 

Note - This is a personal observation. It is not financial advise.

Tan Kin Lian