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

[behappyalways]

"The main US federal govt pension fund will soon exclude #China- & #HongKong-listed stocks on the recommendation of its adviser...The $771B Federal Retirement Thrift Investment Board said Wed it would change the benchmark index followed by its int'l fund"
https://twitter.com/ChinaBeigeBook/stat ... 8643062823

[behappyalways]

*CHINA'S CICC BANS BEARISH ANALYST RESEARCH, DISPLAYS OF WEALTH
https://twitter.com/biancoresearch/stat ... 0732679465


Playing the A share market is too risky, so most folks have moved on to a safer bet, the lottery.
https://twitter.com/ChinaBeigeBook/stat ... 2023629208

[winston]

Overseas Investors Withdraw US$24B+ from A-shrs since August

Overseas investors have withdrawn more than US$24 billion from China's A-share market through the mutual market access with Hong Kong since August this year, the largest and longest-running outflow of capital since the mechanism was established in 2014, Wall Street Journal reported, citing data from Wind Information.

Morgan Stanley warned investors that the capital markets could face ongoing geopolitical complications in next year's election years in the US and Taiwan.

Related News: BofAS Expects HKEX (00388.HK) to See Solid NP Growth Next Yr, Keeps Buy Rating

Goldman Sachs said that under worst case, investors could sell off another US$170 billion of A-shares, with U.S. pension funds likely to have already exited their A-share positions for policy and geopolitical reasons, and active mutual funds and hedge funds likely to have minimized their allocations to Chinese equities.

Source: AAStocks Financial News

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

[behappyalways]

The sector’s net interest margins slumped to a record low of 1.73% as of September, below the 1.8% threshold seen as necessary to maintain reasonable profitability.


China's Battered Banks Are Poised For More Pain
https://www.zerohedge.com/markets/china ... -more-pain


As Chinese Stocks Tumble To 4 Year Low, Beijing Steps In, Buys ETFs
https://www.zerohedge.com/markets/chine ... -buys-etfs

[winston]

JPM Asset Mgmt Keeps Neutral View on CN Econ, Prefers Segments Incl. Consumer & Internet

Concerning the economic outlook of China in 2024, Tai Hui, chief market strategist for the Asia-Pacific at JP Morgan Asset Management, maintained a Neutral view, with preference for segments including consumption, internet and services industry, owing to their undemanding valuations.

Hui remarked that China could deliver a 5% GDP growth in 2023, on the back of multiple economic stimulus measures.

In the long run, Hui believed that Chinese economy might realize positive performance over the coming two to three years.

Source: AAStocks Financial News

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

[behappyalways]

Chinese Stocks Are Trading Near A Record Discount To Peers
https://www.zerohedge.com/markets/stock ... ount-peers

[winston]

China stock market bulls aren’t just being contrarian

Despite concerns about China’s economy and markets, some prominent strategists and fund managers are optimistic about the prospects for Chinese stocks

There is a sense that the economy has stabilised amid the property sector’s struggles, Chinese shares are affordable and parts of the market have proven resilient

by Nicholas Spiro

Source: SCMP

https://www.scmp.com/comment/opinion/ar ... contrarian

[behappyalways]

China's Securities Regulator Warns Companies To Increase Dividends & Buybacks... Or Else
https://www.zerohedge.com/markets/china ... ks-or-else

[behappyalways]

Inflows into Chinese equities are finally starting to perk up after a rather unforgiving time.
https://twitter.com/Mayhem4Markets/stat ... 3608951858


Property stocks in China have fallen to levels we have not seen since the Great Financial Crisis, according to BofA
https://twitter.com/Mayhem4Markets/stat ... 1421329863

[behappyalways]

China's stocks are down for three years in a row, and dramatically underperforming emerging markets ex-China

Xi has also been "cracking down" on tech, education, and gaming for three years, eroding investor confidence along the way
https://twitter.com/Mayhem4Markets/stat ... 0502468923