Is Baba drop over?

102559790 : chinese stocks should not go too low. Next week is Two Sessions meeting and 2024 fiscal and monetary policy should be announced. the national team has been buying up H shares and i cannot imagine national team buying perpetually. next week policy announcement should be good and the investing climate should improve and the indexes should rally without natiional team.

MonkeyGee OP 102559790 : Thank u for the info.  it's very helpful.   have they spent the stimulus buying the market yet?

麦克斯007 MonkeyGee OP : According to UBS report, they injected 410B yuan into onshore shares this year.  But seems like HSI is not getting the love.
Shanghai index rose 1.91% while HSI dipped 0.15%

102559790 麦克斯007 : this created differential prices in A and H shares. Ping An Insurance is traded in China and HK market. but the price in HK market is lower by about 20%. it will be interesting next week. if China managed to announce policy that is convincing. Ping An Insurance in HK will shoot up to catch up.

MonkeyGee OP 102559790 : I don't know.  I see mad amount of weakness in China's stock market.

MonkeyGee OP 麦克斯007 : if you inject that much money, you don't even get a blip.  it's flat lining and 2008 event is coming.   If China stock doesn't make at least 20% gain this year, then there will be another 30-50% drop.   China stock market is very different than usa, free fall will be violent.

麦克斯007 MonkeyGee OP : Actually it bounced back by more than 15%, Shanghai index rose from 2365 to 3031 in 8 days.
But I believe the ultimate antidote for funds to flow back to A Shares will depend on Fed’s decision to start reducing interest rate.