\u201cFoam is the best bit of a beer,\u201d Fang Yan\u2019an, a veteran investor in his late 70s, told the SCMP, referring to his tactic of chasing the rally of some technology companies.<\/p>\n
\u201cOur government has ramped up support for technological development over the past few years, and so have many other nations,\u201d Fang said. \u201cSince technology is now crucial for global competition, I tend to believe in the AI industry, and I\u2019m prepared to hold the shares through a long-haul journey.\u201d<\/p>\n
Higher earnings could support the high price of technology stocks as more commercial products are developed from research, he added.<\/p>\n
Fang, who has more than 30 years of experience in trading A-shares<\/a> on the Shanghai and Shenzhen stock exchanges, is among millions of Chinese retail investors who have faith in technology stocks, hoping to strike it rich during volatile rides.The sector has staged a blistering rally over the past two years, with prices of several leading firms skyrocketing more than tenfold, and it remains hotly debated whether technology stocks on the A-share market<\/a> are in a bubble.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cFoam is the best bit of a beer,\u201d Fang Yan\u2019an, a veteran investor in his late 70s, told…\n","protected":false},"author":2,"featured_media":758144,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[77092,42206,182,181,28,144,324693,324686,324687,135515,324688,32847,101,324691,324685,6215,4633,324689,324690,324692,19530],"class_list":["post-758143","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-a-shares","tag-ageing-population","tag-ai","tag-artificial-intelligence","tag-business","tag-china","tag-china-securities-depository-and-clearing-corporation","tag-chinese-elderly","tag-chinese-elderly-population","tag-chinext-index","tag-chip-makers","tag-chips","tag-economy","tag-fang-yanan","tag-investing-in-china","tag-semiconductors","tag-shanghai","tag-shanghai-stock-exchanges","tag-shenzhen-stock-exchanges","tag-star-market-composite-index","tag-technology-stocks"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/758143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=758143"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/758143\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/758144"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=758143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=758143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=758143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}