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BUSINESS & TECH

Superstar Stocks, Prolonged Bull Market Draw China Investors to U.S.

By Yang Ge
The most popular stock pick of Chinese investors who buy U.S.-listed shares is Alibaba Group Holding Ltd., a new survey says. Above, shareholders discuss stock prices in Nanjing, Jiangsu province, on Nov. 9. Photo: Visual China
The most popular stock pick of Chinese investors who buy U.S.-listed shares is Alibaba Group Holding Ltd., a new survey says. Above, shareholders discuss stock prices in Nanjing, Jiangsu province, on Nov. 9. Photo: Visual China

Chinese investors are attracted to U.S. stock markets by their reputation as breeding grounds for high-tech superstars, and also by the nation’s prolonged bull market, according to a first-time survey by a group of Chinese financial technology and information companies.

The U.S. has long been a preferred listing ground for many of China’s high-tech startups, partly due to difficulties those companies faced listing at home in the past. With the exception of social networking giant Tencent Holdings Ltd., all of China’s major internet players are listed in New York City, including leaders Alibaba Group Holding Ltd., Baidu Inc., JD.com Inc. and NetEase Inc.

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