Portfolio Overview
The China Portfolio continues to offer diversified exposure to the country’s dynamic growth story, spanning technology, new energy, healthcare, and industrial automation. As of August 10, 2026, the portfolio holds 12 positions, with a mix of A-shares, H-shares, and US-listed Chinese companies.
Recent Performance Drivers
Over the past week, the portfolio has seen divergent performance. Leading gainers include Sungrow Power Supply (TSCO) (+16.44% since pick) and BYD Company (BYDDF) (+9.09%), reflecting strong demand for renewable energy and electric vehicles. Hangzhou Tigermed (HNGZY) also posted a solid gain of +11.25%, buoyed by a rebound in the healthcare sector.
On the downside, RoboSense Technology (RBSTF) has declined -24.40%, pressured by competitive dynamics in the lidar market. Shenzhen Inovance (MU) is down -17.88%, as industrial automation faces cyclical headwinds. Contemporary Amperex (CTATF) has also weakened (-13.08%) amid concerns about battery oversupply.
Risk Concentration
The portfolio has notable concentration in new energy and electric vehicle supply chain names, including Sungrow, BYD, CATL, and LONGi. While this aligns with China’s strategic priorities, it also exposes the portfolio to policy shifts and sector-specific volatility. Additionally, several positions are in small-cap or less-liquid names, which may amplify price swings.
Portfolio Fit and Discipline
As a China-focused portfolio, all holdings are either A-shares, H-shares, or US-listed Chinese companies, maintaining the regional discipline. The mix of exchanges provides access to different segments of the Chinese market, though investors should be mindful of currency and regulatory risks.
What to Watch Next
- Policy signals: Any new regulations on technology platforms, data security, or energy subsidies could impact several holdings.
- Earnings season: Upcoming quarterly results will be critical for validating growth expectations, especially for high-flyers like Sungrow and BYD.
- Geopolitical tensions: US-China trade relations and export controls remain a key risk for semiconductor and tech names like ACM Research.
- Commodity prices: Fluctuations in lithium and other raw materials could affect battery makers and solar companies.
Position Review
All positions are currently within their minimum holding period, and none have experienced a thesis-breaking event. Therefore, no positions are recommended for closure at this time. We will continue to monitor each holding for signs of fundamental deterioration or better capital allocation opportunities.
Risk Disclaimer
This article is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Investing in Chinese securities involves risks, including but not limited to regulatory changes, currency fluctuations, and geopolitical uncertainties. Always conduct your own research and consider consulting a financial advisor before making investment decisions.