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Earnings flood from China's stocks: Is a turnaround on the horizon?
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With 10 trillion yuan of bond issuance space available, local governments can raise more debt to stimulate economic growth and GDP revenue, and this is just one policy stimulus, not like bullish exhaustion. With the Chinese government's style of doing things, they rarely play their biggest card right away; I guess there may be more corresponding 'small policies' every time the Fed cuts by 0.25 to ensure a slow bull market in A-shares... But the question arises, will Hong Kong stocks follow A-shares? What is Futu following? With Futu's financial report approaching, do you think the report will be optimistic or pessimistic?
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