China has officially reported that they are taking measures towards easing COVID restrictions.

From what I've seen so far it appears that China is changing its "zero-covid" policy. There are a few headlines below pertaining to the subject. It seems like the policy is shifting towards the idea of living with covid rather than completely eliminating the virus. Travel restrictions are easing by reducing the quarantine period for travelers and close contacts of infected people. chinese authorities would also cease the practice of identifying close contacts of close contacts, dialing back strict contact tracing measures. chinese markets are responding very positively to the news. This good news followed an amazing green day in U.S. markets that brought up chinese equities over night. So China is having an amazing day so far. I hope this positive sentiment from the change in covid policy will last because currently China is having one of their worst covid outbreaks in over six months. Will China revert back to a "zero-covid" policy if this outbreak becomes unmanageable? I doubt it but China has been known to flip-flop policy stances in the past.

On an interesting side note, it appears that commodities are responding positively to the news as the demand for commodities, especially oil, is expected to increase greatly when China reopens. Oil futures are ripping.

So is it time to buy Chinese equities yet? As for Hong Kong shares, I would like to see a little more upside before investing in the well known chinese ADRs that are traded in the US. There could possibly be a very good short-term profit to be made. But the long-term trend in most of the Chinese names is down. From a long-term fundamental investor's standpoint Chinese equities are at an extreme discount and look very appealing. But from a technical trader's standpoint these stocks still look risky as the long-term and short-term trends point to the downside. I also want to point out that chinese markets have had an amazing 2-week rally. So you might want to wait for some investors to take profit and bring down the price before jumping into any swing trades. It is not all doom and gloom for chinese equities. There are many mainland chinese equities that are performing very good for the year. It just takes a little due diligence to find them.

The National Health Commission issued the notice on further optimizing COVID-19 epidemic prevention and control measures to do a good job in prevention and control scientifically and accurately. Among them, it is proposed that the risk area should be adjusted from "high, medium and low" to "high and low" to minimize the number of management and control personnel. In principle, the place of residence of the infected person and the work and activity areas with frequent activities and high risk of epidemic transmission are designated as high-risk areas, and the high-risk areas are generally delineated on the basis of units and buildings, and may not be expanded at will; other areas of the counties (cities, districts, banners) where the high-risk areas are located are designated as low-risk areas. No new infections were found in the high-risk area for 5 consecutive days, which decreased to the low-risk area. High-risk areas that meet the conditions for unsealing should be unsealed in a timely manner.

The National Health Commission issued the notice on further optimizing COVID-19 epidemic prevention and control measures to do a good job in prevention and control scientifically and accurately. Among them, it is proposed that the close contact should be determined timely and accurately, and the close connection can no longer be determined.

The National Health Commission issued the notice on further optimizing COVID-19 epidemic prevention and control measures to do a good job in prevention and control scientifically and accurately. Among them, it is proposed to strengthen the rectification of the problem of "one size fits all" and adding code layer by layer. Local party committees and governments should implement territorial responsibilities, strictly implement the unified national prevention and control policy, and strictly prohibit arbitrary closure of schools, suspension of work and production, unauthorized interruption of traffic, arbitrary adoption of "silent" management, arbitrary closure and control, failure to unseal for a long time, and arbitrary suspension of medical consultation, and increase the intensity of notification and public exposure. serious responsibility for serious consequences in accordance with the law and regulations. Give full play to the role of special classes at all levels to rectify and increase the number of problems, efficiently do a good job in the collection and transfer of reporting clues, and urge local authorities to rectify and reform in a timely manner. The competent departments of various industries, such as the Health and Health Committee, the Bureau of Disease Control, the Ministry of Education, and the Ministry of Transport, strengthen the supervision and guidance of the industry system, increase the exposure of typical cases, and effectively play a deterrent role.

National Health Commission: for inbound personnel, "7-day centralized isolation + 3-day home health monitoring" is adjusted to "5-day centralized isolation + 3-day home isolation". During the period, code management is given and no going out. After the entry personnel have completed the quarantine at the first entry point, the destination shall not be quarantined repeatedly. The nucleic acid test was carried out on the 1st, 2nd, 3rd and 5th day of centralized isolation medical observation, and once on the 1st and 3rd day of home isolation medical observation.