China’s ‘little giants’ were only bright spot
As the performance overview table shows, Chinese consumer and technology stocks were also under pressure last week down 7.4%, but at the other end of the spectrum in Chinese equities the China’s little giants basket was up 3.5%. The ‘little giants’ phrase encompasses companies in China that has got the label ‘little giant’ which means that the company has some technology that the government deems to be important for the future of China; these companies typically operates within semiconductors, advanced manufacturing, energy, and critical minerals. This label gives certain benefits as better access to financing and government support. Back in early September, China named more companies ‘little giants’ expanding the list to around 9,000 companies with the goal of 10,000 companies on the list by 2025. Not all of these ‘little giants’ are publicly listed and those that are listed are not necessarily tradable on Saxo’s trading systems. The list below highlights the constituents in our China ‘little giants’ basket which are all available in Saxo’s systems.