Event Details:

Replay: China Q2 Review: From Voting Machine to Weighing Machine
Tuesday, July 11, 2023
10:00 am - 11:00 am EDT

"In the short run, the market is a voting machine, but in the long run, it is a weighing machine." This famous investment quote from legendary economist and former Warren Buffet professor Benjamin Graham is especially applicable to China's market today.

Active fund managers are currently underweight to China as geopolitical headlines keep many on the sidelines. Yet companies in the China internet sector exhibit substantial revenue, net income, cash-on-hand, and other fundamentals compared to their US peers.

So when will the market stop behaving like a popularity contest and start reflecting the actual value of Chinese internet companies?

Join KraneShares CIO Brendan Ahern and Head of International Dr. Xiaolin Chen as they examined Chinese equities performance for the quarter, discussed the return of high valuations in US equities, the impact of US-China tensions, and the asymmetric economic recovery currently underway in China.

Topics included:

• Why Amazon’s market cap is higher than all of KWEB’s holdings combined¹
• The impact of US-China political tensions on Chinese equities and investor behavior
• The potential for an economic rebound in China driven by consumption, monetary easing, and fiscal support
• Challenges faced by developed markets and the implications for Chinese manufacturers
• Comprehensive Q&A

1 CFP/CIMA Credit Available

1. Data from Bloomberg as of 6/22/2023.