Confidence in China’s stock markets has been in short supply in recent weeks but Victor Zhao, chairman of
Tsinghua Unigroup, remains an enthusiastic believer.
“Any company that delists abroad and lists in China is going to see their share price go up by multiples,” says the head of the state-controlled semiconductor conglomerate, undeterred by the rout that recently wiped more than 30 per cent off China’s stock market in the space of three weeks. “If the market here remains down, this bounce is three times. But if things improve, it could be five times.”
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