CSI 300
CSI · CNY
The world's most hated cheap market.
China is the second-largest economy on Earth, with two domestic exchanges and many champions also listed in Hong Kong. After years of regulatory crackdowns and property pain, valuations sit at multi-decade lows — net-cash balance sheets, single-digit P/Es, and dominant platforms.
Sector breakdown
What drives the index
Financials
22%Big Four state banks at ~5x earnings.
Consumer
18%Kweichow Moutai, BYD, JD, Meituan.
Technology
18%Tencent, Alibaba, PDD, NetEase.
Industrials & EV
17%CATL (batteries), BYD, CRRC.
Energy & Materials
15%PetroChina, Sinopec, CNOOC.
Top companies
The franchises that matter
Tencent
WeChat, gaming, fintech — the everything app.
Alibaba
Taobao, Tmall, Aliyun cloud.
Kweichow Moutai
China's iconic baijiu maker — luxury spirits.
CATL
World's largest EV battery manufacturer.
BYD
World's largest EV maker by volume.
Latest News
Kweichow Moutai is at times worth more than all U.S. spirits companies combined.
CATL alone supplies over a third of all EV batteries on Earth.
Tencent owns stakes in hundreds of global gaming studios, including Epic and Riot.
- Deep value
- Net-cash balance sheets
- Dominant local platforms
- Regulatory unpredictability
- Geopolitics
- Property overhang
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