Is this stimulus plan making you rethink China stocks?
China has been a slow moving train wreck partly due to the housing crisis and partly due to CCP policies. In addition there is a lot of political risk for western based investors.
The central bank of China released a massive monetary stimulus plan and the ministry of finance is expected to announce fiscal stimulus measures as well.
Chinese stocks are up across the board, with onshore stocks up 8% and Chinese internet stocks (BABA, JD, PDD) up over 10%. Most of the Chinese internets have been pitched at various times as they are obviously cheap compared to trailing earning metrics.
Do these stimulus plans change anyone’s mind about Chinese stocks?![]()
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Btan : Invest when prices are low. Other than that. China stocks are high risk due to its relations with US. With the US elections coming, we will see more volatility
102877280 : with the US entering into recession, China
cannot mirror it, the 2nd largest economy on the other hand flexes its muscles to stimulate its economy further to draw in more funds into its equity markets including HSI. China stocks for the past few days are showing its stellar performance that we had never seen before over the past few years with more than 10% increments. Will this momentum continue or carry over to next week? Let's see. fonger crossed
MrM : Very simple. Super cheap valuation. Many factors involved. Biggest short covering and global funds coming back to buy. At the same time, It’s a huge internal stimulus and tapping on Chinese people huge savings, companies and funds, lending them money at low rates to buy stocks and shares buyback. Kamala Harris looks to win and she is better for China. She focus on US economy and social problems more. Most importantly Mr Xi has spoken and for the first time ever in politburo that he wants the property market to recover, stock market to recover and comsumer consumption to increase and will achieve it at all costs. It just means Brrrrrrrr from China’s FED
gancheong spider MrM : Agree especially on the part abt Mr Xi. The officials must succeed, else Xi's脸要往哪里搁. Face is ultra important in chinese society, particularly leaving a negative legacy.
MrM gancheong spider : Yes especially since Mr Xi come out and say liao. Cannot fail one. Even if they have to print their way out, they have to do it. Society stability is number one
SPICYDOC辣刀客 : It is trillion of Chinese Yuan that will guarantee a bottom. The money would be used for consumption, housing and stock market. This will be national day holiday week, there's gonna be a lot of travel and spending and after the holiday week gonna be more good news.
ᱝⴼA-com༼༽ⴿ☪u8k : I am a critic.
No more, no less
Do the stimulants surprise you?
Do you create repeated checks until the increasing current is created and compare it to stimuli...
Are we so beginner and beginning with the process of accounting technology?
In your opinion, the balance of technology development is not in the form of a person, and a person personally teaches artificial intelligence
In your opinion, there are people who have superior intelligence and the will to implement work development and make the audit stable at the same time. They should not be discovered.
There is no hope until we ignore everything.