Buffett-inspired fund manager bets big on Chinese stocks, sees cheap valuations

RV Capital's Rob Vinall allocated about a third of his portfolio to Chinese stocks. He holds Luckin Coffee, Tencent, H World Group, and Yum China, attracted by cheap valuations and founder-run management. Vinall targets a 15% annual 'owner return' based on cash yield plus earnings growth. He argues the MSCI China's 11.4 PE compares favorably to the S&P 500's 21.1. The interview comes as Xi Jinping heads to Washington for a summit with President Trump that will cover AI safety. The broader U.S. market is also watching bitcoin break $85,000, copper supply tightness, and heightened Fed scrutiny of bank exposure to trading firms.