China tech stocks rally but is the time ripe for investors to take the plunge?
- ellaintan
- Mar 10
- 1 min read
The HangSeng Tech Index is up this year after a four-year rout. A catalyst for the rally was the Jan 20 release of R1, an AI model by Hangzhou-based startup DeepSeek that performs on par with ChatGPT, at reportedly a fraction of the cost. The rally received a further boost on Feb 17, when President Xi Jinping met with Chinese tech leaders. Many see this as marking the end of the country’s tech crackdown. Investors may gain exposure to China tech via the Singapore Depository Receipts listed on SGX. Exposure through ETFs is another popular option, such as the Lion-OCBC Securities Hang Seng Tech ETF which was the top-traded ETF by volume on the SGX in January.
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