Added positions in China as I see strength in growing middle class/consumers. - More attractive valuation than those in US. - I believe there is more credibility in investing in China's blue-chips. I expect foreign institution $ to flow back to China. - I am focusing on purchasing best companies in China in technology space. - I like internet of things and I believe China is ahead of US in terms of utilizing mobile payment such as WeChat by Tencent. I wanted to begin adding positions prior to Tencent earning release next week on March 28, 2018. - Only non-internet related company is GELYY. China's first global automaker. [wsj.com/articles/how-chinas-geely-turned-a-disassembled-mercedes-into-a-global-car-company-1520188109] - No in-depth technical analysis was conducted as I plan to hold these investments for longer term. However, the overall China market and tech industry's monthly chart shows upside from here. - I will be conducting more technical analysis for swing trading in another account and compare results.
Ref only - FXI: IShare China Large Cap
Ref only - KWEB: China tech exclude hardware
BABA:
BIDU:
BZUN:
GELYY: (This is only company that is not internet of things. China's #1 public automaker. Now owns Volvo.)