China - Market Strategy 05 (Jan 23 - Jun 24)

[behappyalways]

#Chinese authorities made several big announcements today to boost #stock market:

To halve stamp duty on stock trading;
To tighten IPOs;
To cut margin financing requirements;
To restrict listed companies' refinancing;
To restrict share reductions by major shareholders. twitter.com/YuanTalks/stat…
https://twitter.com/ChinaBeigeBook/stat ... 3882456227


Nearly all Chinese securities brokerages hit limit-up ...
https://twitter.com/CathyYuanZhang/stat ... 6444456226

[behappyalways]

China's 5.5% stock rally fizzles in blow to market rescue effort
https://www.theedgesingapore.com/news/c ... cue-effort

[behappyalways]

The measures caused a gap open higher in the CSI300, but from then on, it was selling all day and it barely closed positive - so these measures were not well received.
https://twitter.com/nglinsman/status/16 ... 6132524145

[behappyalways]

Evergrande resumes trading!
The market value evaporated by 70 billion in one day.
Lu cut taxes and reduced financing margins to save the stock market

恒大復牌!市值一日蒸發7百億 陸降稅.降融資保證金救股市 ｜方念華｜FOCUS全球新聞 20230828@tvbsfocus

https://m.youtube.com/watch?v=DaUz9V1lS-8&t=1s

[behappyalways]

Foreign investors largely using the National Team intervention to dump dump dump.
https://twitter.com/ChinaBeigeBook/stat ... 2274303075

[winston]

A-shares sold via Connect hit record

by Himo Liu

China saw net foreign capital inflows in the first half of the year, though data showed global investors net sold a record 89.6 billion yuan (HK$96.8 billion) of A-shares through the Stock Connect last month.

In the first half of the year, there was a net inflow of foreign capital, with an increased purchase of domestic stocks and bonds by foreign investors.

Among them, foreign investors purchased nearly US$79 billion (HK$616.2 billion) worth of domestic bonds.

Additionally, the preliminary statistics indicate that China's international balance of payments remained essentially balanced in the first half of this year.

The current account surplus reached US$146.8 billion, marking a historically high level for the same period, with a ratio to the gross domestic product of 1.7 percent.

Source: The Standard

https://www.thestandard.com.hk/section- ... hit-record

[behappyalways]

Foreign capital is rushing out of China, with more than 10 billion US dollars flowing out in 2 weeks!
The People's Bank of China's "four sets of boxing" to save the market is one-sided for foreign capital?

外資爭相逃出中國 2周流出逾百億美元！人行"四套拳"救市外資一面倒看衰？｜20230902｜@inewsplus

https://m.youtube.com/watch?v=zsS7HyFParo

[winston]

Hillhouse Reportedly Considers to Raise Multi-Billion of USD Funds for Bargain Hunting CN Stocks

Bloomberg reported that Hillhouse plans to set up a multi-billion USD fund to buy beaten-down Chinese stocks and is looking for interested international investors.

This isn't the first time that Hillhouse used investor funds to bargain hunt. With capital outflow of Chinese stocks in 2018, Hillhouse raised billions of USD from investors for its flagship products such as Hillhouse Fund.

Source: AAstocks.com

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

CLSA says sell-off in Chinese stocks ‘has passed strongest point’ and Beijing needs to address market risk, investor concerns

‘The bulk of the selling pressure has passed its strongest point because most people are already underweight’ on Chinese stocks, head of research says

Investors need to assess not only China’s fundamental outlook, but also whether the downside is already in the price

by Jiaxing Li

Source: SCMP

https://www.scmp.com/business/markets/a ... arket-risk

[winston]

Investors dumped a record $12 billion of Chinese stocks last month as the country's economy wobbled

by Jennifer Sor

Investors dumped a record $12 billion in Chinese stocks last month, according to JPMorgan.

Meanwhile, a survey of money managers shows that many are flocking to US equities.

A net 0% of polled money managers think China's economy will improve in the next year.

Source: Business Insider

https://finance.yahoo.com/news/investor ... 59231.html