Strategy Note /
China

Didi sounds the death-knell for China ADRs, but not for investment in China

  • China ADRs are being squeezed by Chinese, US regulators. The situation is untenable; other ADRs will follow Didi’s lead

  • China is an important investment destination, given its size and sophistication. Capital will shift to local listings

  • We consider 4 secular investment themes: tech leadership, military spending, domestic consumption, ageing demographics

Didi sounds the death-knell for China ADRs, but not for investment in China
Rahul Shah
Rahul Shah

Head of Financials Equity Research

Tellimer Research
10 December 2021
Published by