- As Chinese investment in Europe and the U.S. comes under greater scrutiny, some mainland investors are turning toward investing in Israel’s technology sector instead.
- Speaking to CNBC, Steven Schoenfeld of BlueStar Indexes explains some reasons behind the increasing Chinese interest in Israeli tech.
New York, Thursday, July 19, 2018 — As the trade war between Washington and Beijing rolls on and investments from the mainland come under greater scrutiny in the U.S. and Europe, Chinese companies are increasingly turning elsewhere.
One country poised to gain in investment is Israel.
“There’s been a secular uptrend in Chinese investment in Israel for the past eight to 10 years, but it has been accelerating,” said Steven Schoenfeld, founder and CIO of BlueStar Indexes, a firm that develops Israel-focused indexes and exchange-traded funds.
The vast majority of investment in Israel today still originates from domestic sources as well as the U.S. and Europe, but Schoenfeld said money from China and the broader Asian region has “grown a lot,” with companies from Singapore, South Korea and Japan all “establishing some beachhead.”