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Provided by Dow Jones By Elaine Yu China s tech crackdown is mostly affecting firms listed outside the country, helping to create a big performance gap between onshore and offshore Chinese stocks. In the three months to Tuesday, an iShares exchange-traded fund tracking an MSCI Inc. index of 490 onshore Chinese stocks, or A Shares, has gained 8.9%, according to FactSet. A similar vehicle that follows the broader MSCI China index is up just 0.2% over the same period. Over the last 12 months, the former has outperformed by 20 percentage points. The wider index includes some shares listed in Shanghai and Shenzhen, but is heavily tilted toward internet companies, most of which are listed in Hong Kong and the U.S.

Hong kongWang xingThomas gatleyWilliam yuenNicholas yeoLaura wangElaine yuInvesco asia pacificAlibaba group holding ltdMorgan stanleyPinduoduo incDow jones company incKweichow moutai coTencent holdings ltdHoldings ltdMeituan chief executive wang xing