Growth stocks in the US that operate out of China post consistent gains as virus limitations are being relaxed. China’s National Day Golden Week, which starts on October 1st, will see a surge in tourist and spending. By increasing liquidity injections, the Chinese central bank has also been supporting the sentiment. In present macroeconomic context, Alibaba Group Holding Limited and Baidu, Inc. are some of the greatest Chinese stocks to invest in. While worries linger about the status of the Chinese economy, the potential of additional viral lockdowns remains big over Macau.
Insider Monkey highlights the 11 best Chinese stocks to buy now. Wealth management services are offered by Futu Holdings Limited. For the second quarter of 2022, the company reported earnings, announcing earnings per share of $0.57. At the end of June, there were 1,387,146 paying customers overall, a 38.6% rise over the same period last year. One of the best Chinese companies to invest in is Tencent Music Entertainment Group. In China, it offers live streaming, online karaoke, and music streaming services. The company successfully went public on the Main Board of The Stock Exchange of Hong Kong on September 21. In the People’s Republic of China, Vipshop Holdings Limited manages online distribution channels for numerous companies. The company reported earnings for the second quarter of 2022, exceeding predictions by a large margin with earnings per share of $0.37. Designing, developing, producing, and marketing smart electric vehicles in China is the business of Xpeng Inc. Before deliveries are supposed to begin in October, the company predicted that the fast-charging G9 SUV would be a major demand generator. For China’s younger population, Bilibili Inc. offers online entertainment services. The company is listed as one of the top Chinese stocks to buy. The company reported revenue of $732 million for the second quarter of 2022 on September 8 in its quarterly release. In China, NIO Inc. creates, develops, produces, and markets intelligent electric vehicles. The business disclosed that it has bought a share in Greenwing, an Australian lithium manufacturer. In a strategic financing agreement, the two firms agreed that the former would pay A$12 million for 21.82 million Greenwing shares. For more details, click the 11 Best Chinese Stocks To Buy Now.