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As much as i would like China market to rally, but the anti...
As much as i would like China market to rally, but the anticipated trillions of yuan in new stimulus fell short of expectation. The briefing provided minimal positive news, lacking a clear timeline, specific amount, or details on how the funds will be allocated and left little room for speculation.
Let's see how the market react on Monday.
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FrankieSmilez :
beedeebee OP FrankieSmilez : too high level, no details plan of the allocation and when will they roll out.
FrankieSmilez beedeebee OP : On Saturday, Lan said Beijing was "accelerating the use of additional treasury bonds, and ultra-long-term special treasury bonds are also being issued for use".
"In the next three months, a total of 2.3 trillion yuan of special bond funds can be arranged for use in various places," he added.
On top of that, Beijing also plans to "issue special government bonds to support large state-owned commercial banks," Lan said, although he did not say how much.
beedeebee OP FrankieSmilez : yea, that's about it. Probably I don't see what you see.
FrankieSmilez beedeebee OP : They'll be another update on Monday Morning
Btan : Look at it this way. If China is unconcerned, they will not hold such meetings. Policy takes time to implement and China is complex. Making such bold statements are not easy because the people of China are counting on it
beedeebee OP : yea, I agree with the comments, just waiting for things to calm down. My point is that the annoument by BOF will not cause the market to have crazy pull up like we saw in the last few weeks. However, Im still positive with China, but it will take quite some time, and there is more room for downward adjustment.
beedeebee OP : I may be wrong, but let's see how the market reacts on Monday :)
Thelord beedeebee OP : I share the same sentiments as you. Think gonna dump very hard on monday
beedeebee OP Thelord : Kinda mixed feeling, not crazy bear, but I'm more towards a dump. if the market reacts positively, I may ride the wave again.
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