Rogers Says He’s Buying China Shares in Hong Kong, Singapore
Dec. 31 (Bloomberg) -- Jim Rogers, chairman of Rogers Holdings, said he’s been buying shares of Chinese companies even as growth in the world’s fourth-largest economy slows.
Rogers started buying Chinese shares in 1988 and is now favoring equities traded in Hong Kong and Singapore that are cheaper than yuan-denominated stock in Shanghai.
China is slowing but “some parts of the Chinese economy will be totally unaffected by what happens in the West,” Rogers said in an interview in Hong Kong. “I started buying in October again. I never sold any Chinese shares.”
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