Below are the 5 best Hong Kong stocks to buy for 2021. We chose these stocks based on Chinese billionaire Zhang Lei’s portfolio as of the end of the fourth quarter of 2020. For a comprehensive list and billionaire Zhang Lei’s investment philosophy please see 10 Best Hong Kong Stocks To Buy For 2021.
5. iQIYI, Inc. (NASDAQ: IQ)
iQIYI, Inc. (NASDAQ: IQ), which provides online entertainment services in the People’s Republic of China, is a member of Hillhouse Capital’s stock portfolio since the beginning of 2018. Shares of IQ increased strongly in the last twelve months after experiencing a selloff in early 2020. The firm held 38.6 million shares of iQIYI at the end of the latest quarter, accounting for 5.37% of the overall portfolio. iQIYI offers internet video, online games, live broadcasting, online literature, animations, e-commerce, and social media platform.
The stock is up about 50% over the last 12 months.
