JPMorgan says China tech stocks are in a 'good buying spot' despite regulatory crackdown - CNBC

Shares of major Chinese tech companies such as Alibaba, JD.com and Meituan have tumbled this year as Beijing moved to rein in monopolistic behavior among internet giants.

Wang said price declines in Chinese tech shares — due to the regulatory risks or investors rotating out of growth stocks — appear overdone.

Without naming specific stocks, Wang said he likes large tech companies given their beaten down valuation and potential for earnings to grow.

Wang said Chinese tech firms could still face a bumpy road in the next few months as the regulatory clampdown continues.