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Chinese tech stocks have been severely “bludgeoned” and represent the “best bargain in the entire market” said Thomas Hayes, managing member of Great Hill Capital.
Hayes told David Lin, anchor for Kitco News, that fears around the Chinese government crackdown on companies have been largely overblown, as the Communist Party will largely avoid causing further harm to the stock markets over the long-term.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Thomas Hayes on Twitter: @HedgeFundTips (https://twitter.com/HedgeFundTips)
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