The 31 measures proposed by the Central Committee all sound good on paper

$HSI(HSI)$ $HSTECH(HSTECH)$ $Global X China Financials ETF(CHIX)$ $Global X MSCI China Real Estate ETF(CHIR)$ $KraneShares Bosera MSCI China A 50 Connect Index ETF(KBA)$

The 31 measures proposed by the Central Committee all sound good on paper.

Support for both public and private sectors is always welcome, especially when it comes to creating a level playing field and fair competition.

I think the problem is execution.

There's been plently of talk but not enough action on the part of the government to restore confidence in the markets and business community. They cannot expect things to turn around just because they say the government will support. Confidence takes time and effort to restore, and also requires major participation of government in spending and opening up key markets.

Global investors will stay away from or just trade HK/US listed China firms for short-term gains until they see the economy turning up again. And the outlook for economy is not so good right now without strong stimulus measures.

So far today...

• LPR maintained by the PBoC

• Beijing actively defending the RMB

• Regulators considering removal of home purchase restrictions in major cities

Would be great to hear some big numbers come out of the government. And just remove the darn restrictions already. If they want demand for property outside major cities to grow, they need to allow demand within major cities to naturally flow out as buyers get priced out. People won't buy in secondary cities simply because they aren't allowed to buy in first-tier ones, especially when they are no longer sure of making a good return.