China Fund Manager Reaping 109% Is a Die-Hard Renewables Fan
- Cui Chenlong has been betting on batteries, solar power shares
- Beijing’s carbon neutral goals have buoyed sentiment on sector
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Don’t let valuations stop you from chasing a rally that could span two to three decades, says a top Chinese equity fund manager who is doubling down on China’s carbon neutral ambitions.
Cui Chenlong of Qianhai Kaiyuan Fund Management Co. said he is sticking to lithium batteries and the solar power supply chain as Chinese firms in the sectors are likely to lead a global race to reduce carbon emissions. Cui’s First Seafront Public Utilities Industry Equity Fund has returned 109% this year through Thursday, making it the top gainer among more than 1,000 peers according to Bloomberg-compiled data.