China s A-share market, which continued last week s slump on Monday, is likely to bottom out, gaining traction among foreign investors who are betting on the long-term investment value of the world s second-largest economy despite current economic headwinds.
Indications that some Chinese companies are planning small-scale IPOs in the US don t necessarily indicate a trend, as larger companies especially those in the internet sector are taking a wait-and-see attitude amid strengthened regulatory moves, industry insiders told the Global Times on Wednesday.