STORY: Investors should consider non-U.S. stocks, including Chinese equities, says U.S. veteran investor 
SHOOTING TIME: Dec. 18, 2023
DATELINE: Dec. 19, 2023
LENGTH: 00:02:01
LOCATION: NEW YORK, U.S.
CATEGORY: ECONOMY

SHOTLIST:
1. various of stock exchanges in China
2. SOUNDBITE 1 (English): BRENDAN AHERN, Chief investment officer with Krane Funds Advisors
3. SOUNDBITE 2 (English): BRENDAN AHERN, Chief investment officer with Krane Funds Advisors
4. various of U.S. and China

STORYLINE:

Investors should consider non-U.S. stocks, including Chinese equities, given such factors as a rebalancing effect in global equity markets, low valuation in Chinese stocks, and resilience in the Chinese economy, according to a senior U.S. strategist.

SOUNDBITE 1 (English): BRENDAN AHERN, Chief investment officer with Krane Funds Advisors
"One of the potential catalysts for Chinese equities is simply a weaker U.S. dollar. For many foreign investors, if the U.S. dollar does weaken, that will hurt their returns, and so they might come back to their home markets. There are opportunities to buy low, and a key tactic to success is buying low. And there's apprehension when there's caution, that's where investors can take advantage of that and we do think Chinese equities offer a very strong opportunity. We see many Chinese companies buying back stock. We recommend that investors take advantage of this downturn in Chinese equities to buy stock that it's a good entry point."

The U.S.-based Krane Funds Advisors LLC is a specialist investment management firm focusing on China, climate, and other uncorrelated assets.

Ahern visited China earlier this month and met with investors and some of the companies invested by Krane Funds Advisors.

SOUNDBITE 2 (English): BRENDAN AHERN, Chief investment officer with Krane Funds Advisors
"Seeing is believing, and I would recommend other investors, other tourists to go and do the same and see for themselves and see how resilient China's economy is. We think there are reasons for investors to be excited about 2024 for the Chinese economy. Certainly we believe that Asia including China is an area of improvement going forward and we're optimistic in the Year of the Dragon China's economy will roar."

Xinhua News Agency correspondents reporting from New York, U.S.
(XHTV)