Beijing needed to act faster to stem the erosion of confidence among domestic investors after slamming their real estate dreams. The inaction when it comes to direct stimulus (ie massive spending, consumer support) is a key sticking point w investors. This isn’t about foreign money manipulating Chinese markets. It’s more about domestic (and foreign) money giving up. Capitulation by the investing public despite govt reassurances of state fund buying. Can’t rule out a sharp bounce after s...
Mr Careful : their strategy is to keep buying in the open market for mainland counters before cny. we will gauge its effectiveness before deciding whether to move out. anyway, sitting on a good profit buffer.