🌏 Hey there, savvy readers! Guess what's buzzing in the global financial scene? International investors are making a beeline for the Chinese mainland's stock market, and it's all because they're feeling super optimistic about China's latest economic policies aimed at boosting growth and recovery! 📈✨
According to international media, global hedge funds are pouring money into Chinese stocks like never before. Big names like U.S.-based Mount Lucas Management, Singapore's GAO Capital, and South Korea's Timefolio Asset Management are going all-in on bullish positions in the Chinese markets. Talk about confidence! 💪
During the recent seven-day National Day holiday, while China's stock markets took a little break, something interesting happened. Chinese-related exchange-traded funds (ETFs) in Tokyo hit record highs last Friday! 🇯🇵 Japanese investors are clearly hyped about China's stimulus efforts, as reported by Nikkei Asia. 🎌
Since the September meeting of the Political Bureau of the Communist Party of China Central Committee, which introduced new economic measures, heavyweights like Goldman Sachs have been issuing bullish reports on the Chinese stock market. They've even upgraded Chinese stocks to \"overweight\"! 🏋️♀️📊
Will McGough, Director of Investments at Prime Capital Financial, told Forbes that China's stimulus measures are like a massive wave: \"A massive move in a short amount of time for the world's second largest economy, and that's going to have ripple effects lifting all emerging markets.\" 🌊🌟
These measures have already given a boost to Chinese indexes and currency, European luxury stocks, global miners, and commodity prices. The Wall Street Journal noted that China's next moves in the coming months could be crucial in determining the long-term direction of the Chinese economy. 🧐
At a press conference on Tuesday, Zheng Shanjie, head of the National Development and Reform Commission, outlined a series of actions to further turbocharge the economy. 🚀 One key announcement? Investment projects worth 200 billion yuan ($14.14 billion) planned for next year will be rolled out early this year to help local governments kick-start preliminary work and construction. 🛠️🏗️
Think tank China Finance 40 Forum mentioned that this move to front-load the 200 billion yuan could spark a significant uptick in economic growth in the fourth quarter and help China hit its annual target of 5% GDP growth. 🎯📈
Looks like exciting times ahead for China's economy! Keep your eyes peeled, folks. 👀✨
Reference(s):
Foreign investors increase bets on China as sentiments turn bullish
cgtn.com
