Despite Regulatory Threats, Chinese Tech Is Still Potent

By ETF Trends4 days ago

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Tencent Holdings, the largest holding of the Invesco China Technology ETF (CQQQ), shouldn't falter under regulatory pressure from the Chinese government.

Despite antitrust targeting at large tech firms like Tencent Holdings, many analysts are predicting the impact will be minimal. The company comprises about 11% of CQQQ's assets.

Tencent Holdings stands just as tall as Amazon and Google in the United States.

“At this point, I cant see any other stocks that can challenge their positions in China, Jackson Wong, director of asset management at Amber Hill, told CNBC.

CQQQ is based on the FTSE China Incl A 25% Technology Capped Index. The fund will invest at least 80% of its total assets in securities that comprise the Index, as well as American depositary receipts and global depositary receipts based on the securities in the Index.

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