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It has been a hell of a month for China-based companies listed in the US A crackdown by authorities in Beijing has led to the worst sell-off since the financial crisis, sparking a vast revaluation for a booming corner of the world’s largest stock market.
The Nasdaq Golden Dragon China Index – which tracks 98 of the largest Chinese companies listed in the United States – plunged 22% in July, its largest month-on-month decline since October 2008. Amid the rubble, some investors are seeing opportunities for companies and fund managers alike. Either way, increased government scrutiny has added a new variable to the analysis of the ownership of these stocks.
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