If you are interested in investing in stocks, you should know which company to invest in. When it comes to the ‘fastest-growing economies in the world’, the Chinese economy is one on the list. Even now, there are more Chinese companies seen in big U.S exchanges such as Nasdaq and NYSE.
Chinese stocks trading in the U.S are called American depository receipts. Traders tend to like these Chinese stocks since they are volatile and being volatile in the trader’s world spells opportunity. Moreover, if you have a reliable trading platform like MetaTrader 5 then you will surely have an edge among your competitors. Here are some of the best Chinese stocks that you should check out this 2021;
1. Alibaba Group Holding Limited (NYSE: BABA)
E-commerce is always a booming industry and in China, Alibaba is known as the largest e-commerce company in China and has been traded on NYSE ever since 2014. As a matter of fact, Alibaba is the biggest global IPO and it is not just a simple e-commerce company but also the leading cloud computing industry in China. Recently, they also unveiled the business partnership program called A100. It is a one-stop solution that drives digital transformation a lot faster for business ventures.
2. China Life Insurance Company Limited (NYSE: LFC)
Second, on the list is the China Life Insurance Company Limited which is the second-largest insurance company in China by market value. 68% of China Life Insurance Company is owned by the Chinese government and since the government is behind this insurance company, investors are given great confidence and faith that it will continue to boom throughout the coming years.
3. Yum China Holdings, Inc. (NYSE: YUMC)
Yum China owns China’s Pizza Hut and KFC and they are all over the country. KFC is the brand that helped the company grow significantly. Now, Yum China is known as the third-largest private employer based in the U.S.
4. Autohome Inc. (NYSE: ATHM)
When it comes to consumer automotive information, Autohome is the largest and the most significant one. The company is well-engaged in the operation, development, and maintenance of mobile applications as well as automobile websites. They offer deals for new vehicles or used vehicles on their website. Their revenues are mainly from online advertising the subscription services.
5. Nio Inc. (NASD: NIO)
Dubbed as the Chinese Tesla, it is without a doubt that Nio gets to have a position in this list. Nio is an electric automaker and is known as a lifestyle brand. Nio Life, on the other hand, sells custom-made products for their avid members. What’s more exciting about this brand is that they are developing cars that are built-in with artificial intelligence technology.
6. HUYA Inc. (NYSE: HUYA)
HUYA is a live streaming platform dedicated to gamers. This platform makes it easier for gamers to broadcast, interact on live streams, and view live streams. They can generate revenue from the advertisements that are being shown on the platform.
7. Bilibili Inc. (NASD: BILI)
When it comes to the monthly average time that a device has to spend in China, Bilibili is in the number 1 spot. In fact, they may be the best ones that you should invest with among these Chinese companies. The important thing here is to ensure that you are trading stocks using a reliable trading platform such as MetaTrader 5 to maximize your gains in the market.