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Aberdeen’s Young Adds Tencent, Keeps China Bets During Selloff
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Young’s China investment views contrast with Ark’s Cathie Wood. Veteran fund manager Hugh Young said his firm bought the dip in Tencent Holdings Ltd. and kept most of its other big-tech holdings in China largely unchanged during the recent selloff on expectations these stocks will emerge as winners despite policy crackdowns.While keen on Chinese tech,Aberdeen Standard Investments, which oversees about $639 billion in assets globally, is","content":"<ul>\n <li>Asset manager is not avoiding any sectors except education</li>\n <li>Young’s China investment views contrast with Ark’s Cathie Wood</li>\n</ul>\n<p>Veteran fund manager Hugh Young said his firm bought the dip in Tencent Holdings Ltd. and kept most of its other big-tech holdings in China largely unchanged during the recent selloff on expectations these stocks will emerge as winners despite policy crackdowns.</p>\n<p>While keen on Chinese tech,Aberdeen Standard Investments, which oversees about $639 billion in assets globally, is avoiding the education sector, according to the Singapore-based chairman of its Asia unit. In fact, bellwethers in most industries offer upside opportunities, including property developer China Vanke Co., said Young, who has been with Aberdeen for three decades.</p>\n<p>“I don’t think anything strategic has changed” in China due to regulations, which will benefit the “most responsible players,” he said in a video interview. “We have topped up with Tencent,” adding to what already was a “quite-large holding” in the sector.</p>\n<p>Young’s optimism remains despite Chinese officials saying that more regulation is coming to the world’s second-largest economy over the next five years. About $1 trillion of value was wiped out from China shares listed on the mainland, Hong Kong and U.S. last month amid clampdowns on sectors ranging from education to technology.</p>\n<p>His optimism contrasts with that of other global asset managers, including Ark Investment Management’s Cathie Wood, who has said she has been selling China equities and warned that valuations will probably “remain down.”</p>\n<p><img src=\"https://static.tigerbbs.com/da20f8bfd9d4d089c28ccffb976947df\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"></p>\n<p>“China is just trying to make everything fairer for its citizens,” Young said. “Does that put us off investing in China? ‘No,’” he said, noting that regulatory crackdowns also “happened in other economies when things boom.”</p>\n<p>New regulations may keep coming, but leaders of the world’s second-largest economy are not looking to destroy sectors, and that means top companies will benefit from such moves, Young said, pointing to the housing market, where more measures are likely, but that hasn’t prompted Aberdeen to unload its shares in top developers.</p>\n<p>China will probably “correct regulatory policies for the sector’s good,” he said. That means companies such as China Vanke, in which his firm owns shares, “will ultimately be net beneficiaries,” said Young.</p>\n<p>“Huge opportunities” will come with a broadening of the economy and “responsible growth,” Young said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Aberdeen’s Young Adds Tencent, Keeps China Bets During Selloff</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAberdeen’s Young Adds Tencent, Keeps China Bets During Selloff\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-17 08:52 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-08-16/aberdeen-s-young-adds-tencent-keeps-china-bets-during-selloff><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Asset manager is not avoiding any sectors except education\nYoung’s China investment views contrast with Ark’s Cathie Wood\n\nVeteran fund manager Hugh Young said his firm bought the dip in Tencent ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-16/aberdeen-s-young-adds-tencent-keeps-china-bets-during-selloff\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"000002":"万科A","02202":"万科企业","00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-16/aberdeen-s-young-adds-tencent-keeps-china-bets-during-selloff","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166049068","content_text":"Asset manager is not avoiding any sectors except education\nYoung’s China investment views contrast with Ark’s Cathie Wood\n\nVeteran fund manager Hugh Young said his firm bought the dip in Tencent Holdings Ltd. and kept most of its other big-tech holdings in China largely unchanged during the recent selloff on expectations these stocks will emerge as winners despite policy crackdowns.\nWhile keen on Chinese tech,Aberdeen Standard Investments, which oversees about $639 billion in assets globally, is avoiding the education sector, according to the Singapore-based chairman of its Asia unit. In fact, bellwethers in most industries offer upside opportunities, including property developer China Vanke Co., said Young, who has been with Aberdeen for three decades.\n“I don’t think anything strategic has changed” in China due to regulations, which will benefit the “most responsible players,” he said in a video interview. “We have topped up with Tencent,” adding to what already was a “quite-large holding” in the sector.\nYoung’s optimism remains despite Chinese officials saying that more regulation is coming to the world’s second-largest economy over the next five years. About $1 trillion of value was wiped out from China shares listed on the mainland, Hong Kong and U.S. last month amid clampdowns on sectors ranging from education to technology.\nHis optimism contrasts with that of other global asset managers, including Ark Investment Management’s Cathie Wood, who has said she has been selling China equities and warned that valuations will probably “remain down.”\n\n“China is just trying to make everything fairer for its citizens,” Young said. “Does that put us off investing in China? ‘No,’” he said, noting that regulatory crackdowns also “happened in other economies when things boom.”\nNew regulations may keep coming, but leaders of the world’s second-largest economy are not looking to destroy sectors, and that means top companies will benefit from such moves, Young said, pointing to the housing market, where more measures are likely, but that hasn’t prompted Aberdeen to unload its shares in top developers.\nChina will probably “correct regulatory policies for the sector’s good,” he said. That means companies such as China Vanke, in which his firm owns shares, “will ultimately be net beneficiaries,” said Young.\n“Huge opportunities” will come with a broadening of the economy and “responsible growth,” Young said.","news_type":1,"symbols_score_info":{"000002":0.9,"00700":0.9,"02202":0.9,"TCEHY":0.9}},"isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":818584539,"gmtCreate":1630419637721,"gmtModify":1633678193772,"author":{"id":"3586835107631751","authorId":"3586835107631751","name":"burp","avatar":"https://static.tigerbbs.com/31467c2dbb1d2a799e2e7776244edfdb","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586835107631751","idStr":"3586835107631751"},"themes":[],"htmlText":"gooo","listText":"gooo","text":"gooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818584539","repostId":"818983925","repostType":1,"repost":{"id":818983925,"gmtCreate":1630370594267,"gmtModify":1704959202361,"author":{"id":"3579420890541030","authorId":"3579420890541030","name":"alex90b","avatar":"https://static.tigerbbs.com/6caf16fa1b6029c0bd555a9dafd6173f","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579420890541030","idStr":"3579420890541030"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/INTC\">$Intel(INTC)$</a>goooo","listText":"<a href=\"https://laohu8.com/S/INTC\">$Intel(INTC)$</a>goooo","text":"$Intel(INTC)$goooo","images":[{"img":"https://static.tigerbbs.com/c3431c4fefd7a19607d33b25bf7c1e2b","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818983925","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":835147386,"gmtCreate":1629698190145,"gmtModify":1629698190145,"author":{"id":"3586835107631751","authorId":"3586835107631751","name":"burp","avatar":"https://static.tigerbbs.com/31467c2dbb1d2a799e2e7776244edfdb","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586835107631751","idStr":"3586835107631751"},"themes":[],"htmlText":"amazing like pls","listText":"amazing like pls","text":"amazing like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/835147386","repostId":"2161252728","repostType":2,"isVote":1,"tweetType":1,"viewCount":569,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":833045565,"gmtCreate":1629192477457,"gmtModify":1633686685509,"author":{"id":"3586835107631751","authorId":"3586835107631751","name":"burp","avatar":"https://static.tigerbbs.com/31467c2dbb1d2a799e2e7776244edfdb","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586835107631751","idStr":"3586835107631751"},"themes":[],"htmlText":"pump like please","listText":"pump like please","text":"pump like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/833045565","repostId":"1166049068","repostType":2,"repost":{"id":"1166049068","kind":"news","pubTimestamp":1629161564,"share":"https://ttm.financial/m/news/1166049068?lang=&edition=full","pubTime":"2021-08-17 08:52","market":"hk","language":"en","title":"Aberdeen’s Young Adds Tencent, Keeps China Bets During Selloff","url":"https://stock-news.laohu8.com/highlight/detail?id=1166049068","media":"Bloomberg","summary":"Asset manager is not avoiding any sectors except education. Young’s China investment views contrast with Ark’s Cathie Wood. Veteran fund manager Hugh Young said his firm bought the dip in Tencent Holdings Ltd. and kept most of its other big-tech holdings in China largely unchanged during the recent selloff on expectations these stocks will emerge as winners despite policy crackdowns.While keen on Chinese tech,Aberdeen Standard Investments, which oversees about $639 billion in assets globally, is","content":"<ul>\n <li>Asset manager is not avoiding any sectors except education</li>\n <li>Young’s China investment views contrast with Ark’s Cathie Wood</li>\n</ul>\n<p>Veteran fund manager Hugh Young said his firm bought the dip in Tencent Holdings Ltd. and kept most of its other big-tech holdings in China largely unchanged during the recent selloff on expectations these stocks will emerge as winners despite policy crackdowns.</p>\n<p>While keen on Chinese tech,Aberdeen Standard Investments, which oversees about $639 billion in assets globally, is avoiding the education sector, according to the Singapore-based chairman of its Asia unit. In fact, bellwethers in most industries offer upside opportunities, including property developer China Vanke Co., said Young, who has been with Aberdeen for three decades.</p>\n<p>“I don’t think anything strategic has changed” in China due to regulations, which will benefit the “most responsible players,” he said in a video interview. “We have topped up with Tencent,” adding to what already was a “quite-large holding” in the sector.</p>\n<p>Young’s optimism remains despite Chinese officials saying that more regulation is coming to the world’s second-largest economy over the next five years. About $1 trillion of value was wiped out from China shares listed on the mainland, Hong Kong and U.S. last month amid clampdowns on sectors ranging from education to technology.</p>\n<p>His optimism contrasts with that of other global asset managers, including Ark Investment Management’s Cathie Wood, who has said she has been selling China equities and warned that valuations will probably “remain down.”</p>\n<p><img src=\"https://static.tigerbbs.com/da20f8bfd9d4d089c28ccffb976947df\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"></p>\n<p>“China is just trying to make everything fairer for its citizens,” Young said. “Does that put us off investing in China? ‘No,’” he said, noting that regulatory crackdowns also “happened in other economies when things boom.”</p>\n<p>New regulations may keep coming, but leaders of the world’s second-largest economy are not looking to destroy sectors, and that means top companies will benefit from such moves, Young said, pointing to the housing market, where more measures are likely, but that hasn’t prompted Aberdeen to unload its shares in top developers.</p>\n<p>China will probably “correct regulatory policies for the sector’s good,” he said. That means companies such as China Vanke, in which his firm owns shares, “will ultimately be net beneficiaries,” said Young.</p>\n<p>“Huge opportunities” will come with a broadening of the economy and “responsible growth,” Young said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Aberdeen’s Young Adds Tencent, Keeps China Bets During Selloff</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAberdeen’s Young Adds Tencent, Keeps China Bets During Selloff\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-17 08:52 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-08-16/aberdeen-s-young-adds-tencent-keeps-china-bets-during-selloff><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Asset manager is not avoiding any sectors except education\nYoung’s China investment views contrast with Ark’s Cathie Wood\n\nVeteran fund manager Hugh Young said his firm bought the dip in Tencent ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-16/aberdeen-s-young-adds-tencent-keeps-china-bets-during-selloff\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"000002":"万科A","02202":"万科企业","00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-16/aberdeen-s-young-adds-tencent-keeps-china-bets-during-selloff","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166049068","content_text":"Asset manager is not avoiding any sectors except education\nYoung’s China investment views contrast with Ark’s Cathie Wood\n\nVeteran fund manager Hugh Young said his firm bought the dip in Tencent Holdings Ltd. and kept most of its other big-tech holdings in China largely unchanged during the recent selloff on expectations these stocks will emerge as winners despite policy crackdowns.\nWhile keen on Chinese tech,Aberdeen Standard Investments, which oversees about $639 billion in assets globally, is avoiding the education sector, according to the Singapore-based chairman of its Asia unit. In fact, bellwethers in most industries offer upside opportunities, including property developer China Vanke Co., said Young, who has been with Aberdeen for three decades.\n“I don’t think anything strategic has changed” in China due to regulations, which will benefit the “most responsible players,” he said in a video interview. “We have topped up with Tencent,” adding to what already was a “quite-large holding” in the sector.\nYoung’s optimism remains despite Chinese officials saying that more regulation is coming to the world’s second-largest economy over the next five years. About $1 trillion of value was wiped out from China shares listed on the mainland, Hong Kong and U.S. last month amid clampdowns on sectors ranging from education to technology.\nHis optimism contrasts with that of other global asset managers, including Ark Investment Management’s Cathie Wood, who has said she has been selling China equities and warned that valuations will probably “remain down.”\n\n“China is just trying to make everything fairer for its citizens,” Young said. “Does that put us off investing in China? ‘No,’” he said, noting that regulatory crackdowns also “happened in other economies when things boom.”\nNew regulations may keep coming, but leaders of the world’s second-largest economy are not looking to destroy sectors, and that means top companies will benefit from such moves, Young said, pointing to the housing market, where more measures are likely, but that hasn’t prompted Aberdeen to unload its shares in top developers.\nChina will probably “correct regulatory policies for the sector’s good,” he said. That means companies such as China Vanke, in which his firm owns shares, “will ultimately be net beneficiaries,” said Young.\n“Huge opportunities” will come with a broadening of the economy and “responsible growth,” Young said.","news_type":1,"symbols_score_info":{"000002":0.9,"00700":0.9,"02202":0.9,"TCEHY":0.9}},"isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
