“Geopolitics are here to stay, so get used to it, just accept that,” he told CNBC.
JPMorgan bullish on Chinese technology
JPMorgan has been investing in Chinese tech firms this year, the investment specialist said.
Some of the firms have “world-leading business models” and a massive addressable market, while valuations are better than they used to be, he added.
Profitability has also improved because companies are spending less and being less aggressive against each other — partly because of the regulations, Treves said.
“We’ve been adding to the Chinese internet companies this year for precisely that reason,” he said.
