Well I shall let you be the judge of that. Bloomberg has the story. Read below :
For a clue on how bearish foreign investors have become about Chinese stocks, take a look at Tencent Holdings Ltd.
The Shenzhen-based technology giant has tumbled 13 percent from its September record, wiping $35 billion off the value of its shares, as overseas funds pulled money from Hong Kong and Chinese equities. The company’s large weighting on the Hang Seng Index -- at 10 percent -- helped make Hong Kong’s benchmark stock gauge one of the world’s worst performers last quarter.
The company, which has more buy ratings than any other in Hong Kong, is a victim of fund redemption pressures, according to Asset Management One Singapore Pte. Investors pulled about $409 million from exchange-traded funds that buy Chinese and Hong Kong stocks in the week through Dec. 21 as concern grew over a weakening yuan and tighter liquidity.
“If there are fund redemptions, it’s hard to avoid selling Tencent because its weighting is so big," said Toshihiko Takamoto, a Singapore-based portfolio manager at Asset Management One.
Tencent was the second-largest drag on the Hang Seng Index in the fourth quarter, after AIA Group Ltd. The Hang Seng Index tumbled 5.6 percent in the period as China’s currency plumbed lows not seen since 2008 against the dollar and concern about rising money market rates spurred a record meltdown in the nation’s sovereign debt.
Such has been the exodus that the top U.S. ETF focusing on China suffered the biggest outflows among emerging markets, sending total assets to the lowest level in a decade
