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Top China Manager Says EV Stocks Offer Shelter From Crackdown – Bloomberg

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Chinese electric vehicle-related stocks can offer shelter from the nation’s regulatory crackdown on technology companies, according to one of the nation’s top performing asset managers — if investors can stomach soaring valuations.
Xiong Lin, a fund manger at Shanghai Ruiyi Investment Development Center, recommends those already holding EV firms and their supply chain resist the urge to take profit in a market he sees having a greater tolerance for higher valuations in light of a required reserve ratio cut — a boon for liquidity sensitive growth stocks.