International investors are turning their eyes back to China, anticipating a major rally in the stock market. After the Chinese mainland's recent moves to boost the economy, big names in finance are feeling optimistic—and they're not keeping it a secret!
Last week, the Political Bureau of the Communist Party of China (CPC) Central Committee signaled efforts to revitalize the capital market. Coupled with the People's Bank of China's major monetary policy adjustments, the stage is set for what's shaping up to be an exciting time for investors.
Shayne Elliot, CEO of ANZ Group Holdings, thinks the worries about China's decline as an investment hotspot are \"massively overblown.\" Speaking to Bloomberg, Elliot shared that ANZ is planning to expand its presence in China. \"We're being treated extraordinarily well,\" he said, hinting that the future looks bright on the horizon.
Meanwhile, legendary investor David Tepper, founder and president of Appaloosa Management, told CNBC that China's central bank has \"exceeded expectations\" with its recent announcements. Tepper is so confident, he's ready to \"buy everything\" in China! From bonds to currencies to stocks, he's highlighting the ripple effect these stimulus efforts could have across the board.
Adding to the chorus of positive vibes, Stephen Jen, CEO of Eurizon SLJ Capital, believes Chinese equities are \"extremely undervalued.\" In a report to clients, as cited by Bloomberg, Jen forecasts that a \"serious rally\" in Chinese stocks is \"entirely possible.\"
So, what's the takeaway? The global finance scene is buzzing with excitement over China's potential market upswing. For young investors and entrepreneurs, this could be a moment to watch closely. Will China's market make a grand comeback? These heavy hitters seem to think so! 💹🌟
Reference(s):
Chinese stock market rally expected, say intl investors and analysts
cgtn.com
