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Nordic funds undaunted by Chinese regulators' recent action

The risks of doing business in China are well known, says CIO of Danish labor-market pension fund PBU Carsten Warren Petersen. Varma's head of listed securities, Timo Sallinen, agrees and notes that there's always been political risk in Chinese stocks.
The logo of Alibaba Group is seen lit up at its office building in Beijing, China August 9, 2021. Ali Baba was one of the stocks that were hit particularly hard by the recent sell off. REUTERS/Tingshu Wang | Photo: TINGSHU WANG/REUTERS / X06979
The logo of Alibaba Group is seen lit up at its office building in Beijing, China August 9, 2021. Ali Baba was one of the stocks that were hit particularly hard by the recent sell off. REUTERS/Tingshu Wang | Photo: TINGSHU WANG/REUTERS / X06979
by REETA ILONA PAAKKINEN

Three major Nordic pension funds say they did not see recent behavior by Chinese regulators – which led to heavy selling of some stocks this summer – as a big concern, reports IPE.com.

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