China state-owned companies lose investment luster

HONG KONG -- Until recently, global investors had been gravitating to the shares of Chinese state-owned enterprises in the belief that the companies were their best hope during the uncertain period that followed the relaxation of COVID-19 restrictions.   But the strategy has run out of steam in recent weeks as the economic news coming out of the Asian giant has grown more dismal and key indexes have fallen.   Read the full story here.	View in browser
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	Asia Daily Briefing June 1, 2023

	Global investors scale back bets on China's state-owned companies HONG KONG -- Until recently, global investors had been gravitating to the shares of Chinese state-owned enterprises in the belief that the companies were their best hope during the uncertain period that followed the relaxation of COVID-19 restrictions.   But the strategy has run out of steam in recent weeks as the economic news coming out of the Asian giant has grown more dismal and key indexes have fallen.   Read the full story here.
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