{"id":28482,"date":"2023-06-28T03:00:39","date_gmt":"2023-06-28T07:00:39","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/failed-coup-in-russia-could-make-chinese-stocks-a-buy-mark-mobius\/"},"modified":"2023-06-28T03:00:40","modified_gmt":"2023-06-28T07:00:40","slug":"failed-coup-in-russia-could-make-chinese-stocks-a-buy-mark-mobius","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=28482","title":{"rendered":"Failed Coup in Russia Could Make Chinese Stocks a Buy: Mark Mobius"},"content":{"rendered":"
\n

Veteran emerging markets manager Mark Mobius says he has been looking at Chinese stocks lately, in part because the attempted mutiny in Russia could push China\u2019s Xi Jinping to dial back some of his more aggressive stance globally.<\/p>\n

In a Tuesday interview with Barron\u2019s<\/em>, Mobius said that he favors midsize stocks in Taiwan, Korea and India to China. But the head of Mobius Capital Partners is taking a closer look at opportunities in mainland China and says the attempt by a group of mercenaries this weekend to head to Moscow before calling off a potential revolt raised questions not only about Russian President Vladimir Putin\u2019s grip on power but also that of China\u2019s Xi Jinping, who has maintained a close relationship with Putin.<\/p>\n

\n

Barron\u2019s<\/em> spoke with Mobius shortly after he landed in Taiwan to talk about how the developments in Russia impacts China, why he is beginning to look again at mainland Chinese stocks and how to hedge against possible conflict around Taiwan. An edited version of our conversation follows.<\/p>\n

Barron\u2019s<\/em>: It has been an eventful couple of days in Russia. How significant is this in the context of the changing global world order?<\/strong><\/p>\n

Mobius<\/em>:<\/strong> It\u2019s very significant because if the situation in Russia plays out so that Putin loses and is thrown out, that is going to be a very significant move because it provides an example to the leadership in China. I\u2019m sure they are looking very carefully at what is happening in Russia and it must be pretty frightening.<\/p>\n

That\u2019s the reason Ukraine is so significant. It isn\u2019t about Ukraine alone, Europe alone but about China and other parts of the world and looking at what are the best model for their economies.<\/p>\n

Taiwan is your largest country exposure. How do you hedge the geopolitical risk?<\/strong><\/p>\n

One of the reasons we bought fabless semiconductor companies\u2014like eMemory Technology (3529. Taiwan) and Zilltek Technology (6679. Taiwan) is because they don\u2019t have factories [in Taiwan]. They have people who can be flown out at a moment\u2019s notice and many of these companies already have bases in Silicon Valley and elsewhere in the world. We are hedging our bets in the hopes of overcoming any possible political problems.<\/p>\n

But frankly, the chance of a military confrontation is very remote at this stage and I don\u2019t see that happening anytime in the future because the Chinese leadership realizes they need the U.S. They need the money, the trade and any move in the Taiwan Straits would be an economic disaster.<\/p>\n

China\u2019s crackdowns on big internet companies rattled investors. What\u2019s the view now?<\/strong><\/p>\n

The outlook was bleak and [there were worries] entrepreneurship in China was going to die. But now that\u2019s changing rapidly. I think [officials] realized they can\u2019t continue on this path because they aren\u2019t going to get the money they need. They need dollars and need to attract American investors so their whole approach with a parade of prominent Americans visiting China you can see the Chinese really want to change their attitude. Now with what\u2019s happening in Russia that became more urgent for the Chinese because they realize they can\u2019t put too much faith in Russia. Therefore, our view is we have to look more closely at China.<\/p>\n

Is this a transitory pivot or a more permanent shift by China?<\/strong><\/p>\n

That\u2019s the big question mark! My guess is it isn\u2019t permanent, but it could last for a significant amount of time\u2014enough for us to invest and make good investments. But a lot of institutional investors are very reluctant to go back into China because they were burned. It\u2019s going to be interesting how this new effort to open the doors to Americans will develop.<\/p>\n

What are you interested in?<\/strong><\/p>\n

Companies that don\u2019t have the risk of any government intervention. For example, we were looking at a medical supplies company, but recently the government came in to regulate pricing, which becomes a problem for margins.<\/p>\n

You have to be on the right side of policy but in an area where the government won\u2019t be interested in imposing controls one direction or another\u2014and avoid companies that stand out [in a way] that could result in government intervention.<\/p>\n

Write to Reshma Kapadia at reshma.kapadia@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Veteran emerging markets manager Mark Mobius says he has been looking at Chinese stocks lately, in part because the attempted mutiny in Russia could push China\u2019s Xi Jinping to dial back some of his more aggressive stance globally. In a Tuesday interview with Barron\u2019s, Mobius said that he favors midsize stocks in Taiwan, Korea and […]<\/p>\n","protected":false},"author":1,"featured_media":28483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-28482","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nFailed Coup in Russia Could Make Chinese Stocks a Buy: Mark Mobius | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Veteran emerging markets manager Mark Mobius says he has been looking at Chinese stocks lately, in part because the attempted mutiny in Russia could push\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=28482\" \/>\n<meta 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