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by winston » Fri Feb 23, 2024 7:06 pm
It would mete out increasingly tough penalties on fraudulent listings, accounting scams and misappropriation of funds by big shareholders.
It would target insider trading and market manipulation more precisely, removing regulatory blind spots.
by behappyalways » Sat Feb 24, 2024 4:08 pm
by winston » Sun Feb 25, 2024 7:47 pm
With depressed valuations and light positioning among global and local money managers, investors see a rare window to boost returns from the battered market.
The pain threshold for authorities has been reached. “We’ve reached oversold conditions and policy reaction is much more aggressive. So I would expect more tactical upside from current levels.”
Support for the real economy has also been beefed up with a key mortgage reference rate slashed and funding for developers boosted. The list goes on.
After a record six month of overseas outflows, mainland shares have lured more than 31 billion yuan ($4.2 billion) of inflows via the trading links with Hong Kong this month.
The MSCI China Index is trading at 8.9 times forward earnings estimates, below its five-year average of 11.9 and emerging market peers’ reading of above 12.
by winston » Tue Feb 27, 2024 2:07 pm
Based its calculations on “excess” transactions of 54 Chinese exchange-traded funds.
More than 75% of the inflows went into products tracking the benchmark CSI 300 Index while another 13% flowed to those mirroring the CSI 500 Index,
The national team added 1.24 trillion yuan of shares over July to September 2015, when the stock market was tanking.
The current year-to-date flow of 410 billion yuan is “well below the historical level, with the potential to rise further under extreme conditions” .
We like the China domestic market more than the offshore market because the domestic market has policy support with evidence of national team buying.
The CSI 300 gauge has risen more than 7% this month while an index of Chinese shares trading in Hong Kong has climbed more than 10%.
by winston » Tue Feb 27, 2024 10:02 pm
The Shanghai Stock Exchange Composite Index (SSEC) is up nearly 10% so far this month.
The Shanghai Stock Exchange Composite Index (SSEC) trades near its lowest relative valuation to the S&P 500 in 20 years.
In late 2008, for example, as the U.S. markets were still dealing with the Great Financial Crisis, SSEC bottomed. It then rallied about 80% over the next three months.
This historically low valuation does suggest, however, that the risk to owning Chinese stocks right here is limited.
And, the potential reward could be substantial – especially if the recent rally in the S&P cools off a bit and money starts to rotate into underperforming markets.
by behappyalways » Wed Feb 28, 2024 4:36 pm
by winston » Mon Mar 04, 2024 1:38 am
The index bottomed out in early February.
The CSI 300 is expected to experience a further recovery towards the 3,600-3,700 area.
by winston » Tue Mar 05, 2024 11:09 am
She cited a host of reasons for her take, including expectations for a steady slowdown in the economy over the next decade.
China will struggle with a weakening in the three pillars of growth up to now — the property market, infrastructure and exports, she said.
A lack of clarity on China’s policymaking, along with patchy economic data, add to concerns about investing there, Mossavar-Rahmani said.
There may be some short-term stimulus measures coming, but China’s real estate sector hasn’t found the bottom yet.
by winston » Wed Mar 06, 2024 3:09 pm
Their “abnormal” purchasing seems to have largely declined after the Shanghai Composite Index reached 3,000 on Feb. 23 before spiking again Tuesday, likely to stabilize the market during the National People’s Congress, the analysts said.
The Shanghai Composite Index is up 13% from a February 5 low, after declining over the past two years.
by winston » Wed Mar 06, 2024 6:38 pm
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