China & hk stocks/ etfs

[stanlawj]

Notice this cooperation:

https://finance.yahoo.com/news/pioneer-move-electric-commercial-vehicles-202400123.html

A pioneer move for Electric Commercial Vehicles: Garrett and SinoTruk sign Letter of Intent to bring leading high-speed electrified powertrain to E-trucks​

 

[aurvandil]

Well I hope that doesnt happen since I still hold some EIMI, China has negated most of the gains in other emerging markets, its so infuriating.

The policy releases over the past week shows that there is no real intent to change course. The fiscal resources are being hoarded to promote the strategic industries. The vision is that China will dominate these industries globally so as to gain a competitive economic edge over the US.

 

[d5dude]

It seems CCP like to talk and talk rather than taking out real money.

Well there is still the crucial NPC meeting at the end of Oct, I think thats their last chance to launch a meaningful fiscal stimulus.

 

[d5dude]

The policy releases over the past week shows that there is no real intent to change course. The fiscal resources are being hoarded to promote the strategic industries. The vision is that China will dominate these industries globally so as to gain a competitive economic edge over the US.

There has been monetary easing to aid the property sector, what is currently missing is fiscal stimulus, I think most people are waiting for the NPC at the end of month since no specific amount has been announced.

 

[aurvandil]

There has been monetary easing to aid the property sector, what is currently missing is fiscal stimulus, I think most people are waiting for the NPC at the end of month since no specific amount has been announced.

Market has been hoping for direct stimulus where the government directly spends money. Everything they have been doing so far is inducement. This allows them to announce packages with very big numbers but actually have very little outlay. The thinking seems to be that the big numbers will fool people into thinking they are doing a lot and thus get people to spend their own money in anticipation of an economic recovery.

 

[stanlawj]

Market has been hoping for direct stimulus where the government directly spends money. Everything they have been doing so far is inducement. This allows them to announce packages with very big numbers but actually have very little outlay. The thinking seems to be that the big numbers will fool people into thinking they are doing a lot and thus get people to spend their own money in anticipation of an economic recovery.

Correction: parasites have been hoping for direct stimulus. Those who only speculate.

 

[Iyarash11]

ccp tried to use small money as bait for real money - 9vege's savings

 

[mooseolly]

9988 super discount below hkd100 chiong ar ?

 

[boringLife-]

Paper hands chinese will buy at 3150 and sell at 3200 and call it a day. Like that how to go up

 

[peachmouse]

Chinese govt make a number of announcements today. See https://x.com/Sino_Market

China govt is serious in tackling their weak economy, given the number of announcements since 24 Sept. I expect to see more policy announcements in Oct and Nov. But will not expect them to cause rapid and large price increases in HK/China stock market.

Given the speed of ascent in stock prices in late Sep/early Oct, the market probably expects too much (in the size and speed of stimulus) from China.

 

[d5dude]

Market has been hoping for direct stimulus where the government directly spends money. Everything they have been doing so far is inducement. This allows them to announce packages with very big numbers but actually have very little outlay. The thinking seems to be that the big numbers will fool people into thinking they are doing a lot and thus get people to spend their own money in anticipation of an economic recovery.

Yea they want the local govts, banks and SoEs to buy properties, land, stocks etc but neither pboc nor the central govt are willing to assume the risks. There is still the NPC at the end of Oct, I expect the central govt to put up real money, rumoured amt is 6T rmb over 3 years, they will use this money to buy up local govt hidden debts. We’ll see how things go.

 

[Jirachi]

Likely to be sell off for remaining of the year. As CNY approaches, they will come round again with another set of announcements. This is what happened this year so good chance for a repeat in 2025.

Long term bagholders who don't want to get off then got chance to ride the market up and then back down again.

The funny thing is, people short in China stock for the past 2 years more likely to have made money and leveraged longs got liquidated.

 

[Jirachi]

Chinese govt make a number of announcements today. See https://x.com/Sino_Market

China govt is serious in tackling their weak economy, given the number of announcements since 24 Sept. I expect to see more policy announcements in Oct and Nov. But will not expect them to cause rapid and large price increases in HK/China stock market.

Given the speed of ascent in stock prices in late Sep/early Oct, the market probably expects too much (in the size and speed of stimulus) from China.

They keep targeting the properties sector. It’s like trying to beat a dead horse.

 

[boringLife-]

Gdp news out at 10am but market suddenly big green candle stick after lunch.

STAR50 from up 2% can suddenly up 9%

国家队 buying assets?

 

[d9_lives]

So many fud.
You know what to do.
Trust comrade xi.

 

[Tiny Shrimp]

cat bounce liao ah

 

[mooseolly]

cat bounce liao ah

"On an annual basis, gross domestic product (GDP) rose by 4.6% in the three months to the end of September, according to China's National Bureau of Statistics. That is less than the previous quarter and below the government's "around 5%" target for this year.

Official figures also showed new home prices fell in September at the fastest pace in almost a decade, indicating that the downturn in the property sector is worsening.

The property market unsurprisingly remains the biggest drag on China's growth," said Lynn Song, chief economist for greater China at banking giant ING."

Wow they can chiong properties now too.

 

[Tiny Shrimp]

"On an annual basis, gross domestic product (GDP) rose by 4.6% in the three months to the end of September, according to China's National Bureau of Statistics. That is less than the previous quarter and below the government's "around 5%" target for this year.

Official figures also showed new home prices fell in September at the fastest pace in almost a decade, indicating that the downturn in the property sector is worsening.

The property market unsurprisingly remains the biggest drag on China's growth," said Lynn Song, chief economist for greater China at banking giant ING."

Wow they can chiong properties now too.

my yanlord...
come property cycle i m ready

 

[Iyarash11]

very watery

 

[Jirachi]

GDP Q/Q is +0.9%