Global X MSCI China Consumer Discretionary ETF (CHIQ) Stock Forum and Discussion

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CHIQ Global X MSCI China Consumer Discretionary ETF

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23.050
-0.720-3.03%

Close Oct 3 16:00 ET

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Spinee

Sep 30 12:29

A case of bad news is good news perhaps? The more Beijing will push for stimulus.

Or maybe they already knew these figures were going to be on the weak side, which is why we're seeing such policies being enacted in the past week.
Private survey shows China's manufacturing activity slipped into contraction in Sept, services activity expanded slower pace.
Caixin manufacturing PMI at 49.3, lowest since Aug 2023, vs prev 50.4.
Caixin services PMI at 50.3, lowest since Oct 2023, vs prev 51.6
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Chinese Stocks on fire: What is next for equities?

Spinee

Sep 26 18:01

Is China’s new stimulus a strategic policy pivot or a short-term tactical move?

I see it as a rising sense of urgency instead of a panic among China's policymakers.
Some of these measures, particularly the $71B standby facility for share purchases, don't have an immediate effect. It really depends if non-banking institutions will utilize the facility to buy in the market. And the only reason they'll do that is if they see the potential for generating returns.
That means growth has to return to...

Chinese Stocks on fire: What is next for equities?

Spinee

Sep 26 17:26

Another stimulus measure from Beijing!

This one fiscal in nature directed at low income citizens.
Like I said, Beijing will be moving faster and with more determination in helping its economy and market get back on track.
China plans to distribute 150bn yuan of cash relief to low-income groups. This is a good policy move. We look for more fiscal support to improve general social welfare as part of the fiscal stimulus in the coming months.
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Chinese Stocks on fire: What is next for equities?

Spinee

Sep 18 09:47

BofA on China Economic Outlook

Global growth forecast revised downward to 3.1% from 3.2% this year, expected to be 3.3% next year. The growth picture is not worrisome.
China's growth forecast was revised downward to 4.7% this year and 4.5% for next year and 2026. The main drivers are depressed consumer confidence and insufficient policy support.
This year exports were a key pillar but are now challenged. Next year growth drivers will be a combination of exports and consumption. It is more difficu...

Spinee

Sep 14 16:37

In Jan-Aug, China's total retail sales were recorded at 3.87 trillion yuan, up 2.1%y/y(slowed).

Retail sales of goods were 2.77 trillion yuan, which rose by 1.9%y/y; (narrowed)
Total revenue for the catering industry was 435.1 billion yuan, which rose 3.3%. (narrowed).
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Spinee

Sep 14 14:53

China economic data:

1️⃣Aug. retail sales 2.1% y/y [Est.2.5%]
2️⃣Aug. industrial production 4.5% y/y [Est.4.7%]
3️⃣Jan-Aug fixed asset investment 3.4% y/y [Est.3.5%]
Aug. Unemployment 5.3% [Prev. 5.2%]
*Missed expectations
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Spinee

Sep 12 16:55

CHINA TO CUT RATES BY UP TO 50BPS ON $5 TRILLION MORTGAGES AS SOON AS SEPTEMBER TO BOOST CONSUMPTION. -BBG
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Spinee

Sep 9 14:46

CHINA CPI BREAKDOWN:

Food prices especially vegetables, fruits, and eggs rose due to the high temperature and rainy days.
Domestic gasoline prices fell 3% m/m or 2.7% y/y. Fuel vehicle prices dropped by 6.4% y/y, and the decline extended.
Travel season ended, flight tickets and hospitality dropped 11.9% and 3.6% y/y respectively
Pork prices rise by 16.1% y/y, -4.3 PPS vs July.
For y/y price changes
Food, tobacco & liquor -0.1%
Clothing +1.4%
Accomodation +0.0%
Necessities & services +0.2%
T...

Spinee: 刚刚进来：

Spinee

Sep 9 09:54

China Stock Market Set for Ten Potential Catalysts

Q4 corporate earnings rebound, consumer spending recovery, and pension funds entering the market are among the top factors. HSBC remains optimistic about China’s market outlook, predicting that China's stock market could be revitalized by a real estate recovery, consumption stimulus, and Fed rate cuts.
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Spinee

Aug 28 11:50

The creator of the "Dollar Smile Theory" predicts that a U.S. rate cut could trigger a $1 trillion repatriation of Chinese funds, leading to a 10% appreciation of the yuan.
With the year-end peak of corporate forex settlements approaching, China Securities expects $10 billion in settlements to support the yuan by 1,000 basis points.
However, Morgan Stanley believes that for large-scale corporate settlements to occur, the yuan would need to strengthen further to the 6.9 or 6.8 level, which is c...

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