Dec 04, 2021 02:16 PM

BUSINESS

After Calling China’s Crackdown, This Fund Is Going Big on Solar

Ken Xu expects solar power to account for as much as 60% of global electricity generation in the next 20 years. Photo: Bloomberg

Ken Xu expects solar power to account for as much as 60% of global electricity generation in the next 20 years. Photo: Bloomberg

(Bloomberg) — One of the few funds to predict Beijing’s clampdown on education companies is doubling down on its bets on China’s solar companies.

Ken Xu, Hong Kong-based chief investment officer at Strategic Vision Investment Ltd., withdrew from tutoring stocks in March after noting that state-backed media outlets and policy makers were echoing angst among parents about the societal impact of the industry.

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