Mecisteus
Great Supremacy Member
- Joined
- Jun 16, 2002
- Messages
- 54,052
- Reaction score
- 11,251
China & hk stocks/ etfs
- Thread starter dappermen
- Start date
elvintay07
Suspended
- Joined
- Jan 4, 2022
- Messages
- 12,377
- Reaction score
- 4,431
Go back to communism ah? Like 1 family of 6 all need to collect food vouchers? Haha
thretiredDad
Arch-Supremacy Member
- Joined
- Sep 30, 2004
- Messages
- 12,477
- Reaction score
- 4,963
If can close above 19.40
will be a nice candle today
sold some DBS in the morning
Mecisteus
Great Supremacy Member
- Joined
- Jun 16, 2002
- Messages
- 54,052
- Reaction score
- 11,251
Good rebalancing strategy if you believe in the recovery.
If can close above 19.40
will be a nice candle today
sold some DBS in the morning
bought some more trackers
thretiredDad
Arch-Supremacy Member
- Joined
- Sep 30, 2004
- Messages
- 12,477
- Reaction score
- 4,963
China will increase support for private companies, joint guidelines published by the Communist Party and the cabinet said on Wednesday, as the country seeks to boost private sector confidence to bolster the post-pandemic recovery.
China's private sector has been hit by COVID-19 curbs and a wide-ranging regulatory crackdown that targeted sectors from technology to property.
The authorities have started to reverse some policies to try and bolster the economy, with policymakers holding a series of meetings with companies from sectors ranging from tech to modern logistics to try and boost confidence.
The country will encourage some private companies to issue technology innovation bonds, and support eligible businesses to list and refinance, state news agency Xinhua reported the guidelines as saying.
The authorities will also support so-called platform companies to play an important role in job creation and international competition. Private companies will be encouraged to increase investment in areas such as power generation and storage, and the industrial internet.
"The private sector is a new force to promote Chinese-style modernisation, an important foundation for high-quality development and a key force to promote China's comprehensive construction of a socialist modern power," Xinhua said.
Private fixed-asset investment shrank by 0.2% in the first six months from a year earlier, in contrast to an 8.1% rise in investment by state entities, official data showed on Monday, indicating weak private sector confidence.
The world's second-largest economy grew at a slow pace in the second quarter as demand weakened at home and abroad, raising pressure on policymakers to deliver more stimulus to shore up activity.
China's private sector has been hit by COVID-19 curbs and a wide-ranging regulatory crackdown that targeted sectors from technology to property.
The authorities have started to reverse some policies to try and bolster the economy, with policymakers holding a series of meetings with companies from sectors ranging from tech to modern logistics to try and boost confidence.
The country will encourage some private companies to issue technology innovation bonds, and support eligible businesses to list and refinance, state news agency Xinhua reported the guidelines as saying.
The authorities will also support so-called platform companies to play an important role in job creation and international competition. Private companies will be encouraged to increase investment in areas such as power generation and storage, and the industrial internet.
"The private sector is a new force to promote Chinese-style modernisation, an important foundation for high-quality development and a key force to promote China's comprehensive construction of a socialist modern power," Xinhua said.
Private fixed-asset investment shrank by 0.2% in the first six months from a year earlier, in contrast to an 8.1% rise in investment by state entities, official data showed on Monday, indicating weak private sector confidence.
The world's second-largest economy grew at a slow pace in the second quarter as demand weakened at home and abroad, raising pressure on policymakers to deliver more stimulus to shore up activity.
thretiredDad
Arch-Supremacy Member
- Joined
- Sep 30, 2004
- Messages
- 12,477
- Reaction score
- 4,963
Pony Ma, the low-profile founder of Tencent, on Thursday published an article in state media praising Beijing's new supportive policies for the private sector, as a shift in tone towards Chinese technology companies continues.
His article, published by state broadcaster CCTV, said Tencent was "excited and encouraged" by the government's guidelines, which he described as clear and "highly targeted."
The social media and gaming giant would take measures such as increasing independent innovation to implement the spirit of the guidelines, he said.
Ma, like many of his founder peers such as Alibaba's unrelated Jack Ma, had in recent years receded from the public limelight as Beijing cracked down on the technology industry.
Chinese regulators, however, have been changing their tone as they try to spur a post-pandemic economic recovery, signalling the crackdown is over and holding meetings with tech companies as well as other private firms.
Last year, Tencent's Ma caused a social media stir when he reposted an article on China's economy that lamented there were few people in China willing to speak up about the pressures facing the country's economy and businesses.
His article, published by state broadcaster CCTV, said Tencent was "excited and encouraged" by the government's guidelines, which he described as clear and "highly targeted."
The social media and gaming giant would take measures such as increasing independent innovation to implement the spirit of the guidelines, he said.
Ma, like many of his founder peers such as Alibaba's unrelated Jack Ma, had in recent years receded from the public limelight as Beijing cracked down on the technology industry.
Chinese regulators, however, have been changing their tone as they try to spur a post-pandemic economic recovery, signalling the crackdown is over and holding meetings with tech companies as well as other private firms.
Last year, Tencent's Ma caused a social media stir when he reposted an article on China's economy that lamented there were few people in China willing to speak up about the pressures facing the country's economy and businesses.
thretiredDad
Arch-Supremacy Member
- Joined
- Sep 30, 2004
- Messages
- 12,477
- Reaction score
- 4,963
#CHINA MULLS MORTGAGE EASING TO SPUR HOME BUYING IN BIG CITIES.:Bloomberghttps://www.bloomberg.com/news/arti...ce=website&utm_medium=share&utm_campaign=copy
thretiredDad
Arch-Supremacy Member
- Joined
- Sep 30, 2004
- Messages
- 12,477
- Reaction score
- 4,963
#CHINA #NDRC SAYS THE POLICY ON REVITALIZING AND EXPANDING CONSUMPTION WILL BE OUT SOON.
What happened in India? Even got money to earn and help the economy, they refused. China reputation so bad? Everything linked to a security risk?
https://www.reuters.com/business/in...n-factory-proposal-economic-times-2023-07-22/
https://www.reuters.com/business/in...n-factory-proposal-economic-times-2023-07-22/
I believe could be political. Not too long ago both armies skirmishes near the high altitude mountain boundaries. China will have better chance with Pakistan instead I would think.
DevilPlate
Arch-Supremacy Member
- Joined
- Nov 22, 2020
- Messages
- 12,218
- Reaction score
- 5,148
No wonder Baba up tonight.
Make sure Ms Wood don’t buy China stocks until i offload first hor
Baba Forward PE 11X nia jin sad lor vs AMZN 82X
After some searching, this is probably the news that moved the market: Monday's Politburo meeting (24 Jul)No wonder Baba up tonight.
Make sure Ms Wood don’t buy China stocks until i offload first hor
Baba Forward PE 11X nia jin sad lor vs AMZN 82X
https://www.bloomberg.com/news/arti...e-on-property-keeps-fiscal-language#xj4y7vzkg
Hao Hong:
- Re capital market: from “steady the market” to “promote market activity”;
- Re property: no mention of “house is for living in, not for speculation”;
- Re local gov debt: from “strictly control hidden debt” to “optimize debt level”;
- Re currency: “steady the ex rate at a reasonable level”;
- Re stock market: promote market activities to increase the index from its current level.
Last edited:
elvintay07
Suspended
- Joined
- Jan 4, 2022
- Messages
- 12,377
- Reaction score
- 4,431
I don’t quite understand the logic of analysts.
china gdp growth is 5.6%
US is ~ 2%
Europe is near 0%
India is 6%
Conclusion: China is in crisis. Simi **!
china gdp growth is 5.6%
US is ~ 2%
Europe is near 0%
India is 6%
Conclusion: China is in crisis. Simi **!
Do you have Galaxy Entertainment 0027? It's moving up strongly.
If can close above 19.40
will be a nice candle today
sold some DBS in the morning
bought some more trackers
Unfortunately, I got stuck in another stock still just below breakeven... so I couldn't execute any of original plan to buy the casino stocks.
thretiredDad
Arch-Supremacy Member
- Joined
- Sep 30, 2004
- Messages
- 12,477
- Reaction score
- 4,963
Left 4,000 shares
i was waiting at 48
after i sold the 22,000
didnt come down
but has been accumulating tracker
below 20
sold many dbs these few days
i think i am keeping cash for now
thretiredDad
Arch-Supremacy Member
- Joined
- Sep 30, 2004
- Messages
- 12,477
- Reaction score
- 4,963
Hang Seng stucked at 19600
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts.
Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
