28 Oct 2023: Many news but no implementation..

Hopehope赋予希望

After falling sharply below 3,000 points to reach around 2923, Shanghai index rebounded over the last few days and recovered to around 3017 points on Friday. For Shenzhen index, it recovered to around 9770 from 9373... All these are good signals isn't it?

No to me, it is still not safe yet. Why? Shortsellers at the night time apac time last night continued to attack chinese stocks via A50 and hang Seng tech futures to shake the market off from crossing back into the region of strength...

Hang Seng Tech futures are already down 1.6 percent and a50 dropped back down from 11995 to around 11885.. like what I had said yesterday on my twitter, china a50 has to cross back above 12k solidly...

It was reported in financial news that China will hold a twice a decade work conference to focus on resolving risks.. There have been many rounds of such conferences but my concern is that the impact and results are not speedy enough. Talks are just talks. We need effective and strong measures and policies including policies implementation to turn back on the economy.

Hong Kong has reduced stamp duty of property tax for the first time in many years.

Like what I say, the recovery in stock indexes and Chinese stocks are weak and China does really need forceful and strong stimulus measures plus effective implementation to get China's GDP back up strongly.

As always, this should not be construed as any investment or trading advice.

$FTSE China A50 Index - Nov 2023(CN2311)$ $Tiger Brokers(TIGR)$ $XIAOMI-W(01810)$ $Huya Inc.(HUYA)$ $JD.com(JD)$

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","html":"<html><head></head><body><p>After falling sharply below 3,000 points to reach around 2923, Shanghai index rebounded over the last few days and recovered to around 3017 points on Friday. For Shenzhen index, it recovered to around 9770 from 9373... All these are good signals isn't it?</p>\n<p><br></p>\n<p>No to me, it is still not safe yet. Why? Shortsellers at the night time apac time last night continued to attack chinese stocks via A50 and hang Seng tech futures to shake the market off from crossing back into the region of strength...</p>\n<p><br></p>\n<p>Hang Seng Tech futures are already down 1.6 percent and a50 dropped back down from 11995 to around 11885.. like what I had said yesterday on my twitter, china a50 has to cross back above 12k solidly...</p>\n<p><br></p>\n<p>It was reported in financial news that China will hold a twice a decade work conference to focus on resolving risks.. There have been many rounds of such conferences but my concern is that the impact and results are not speedy enough. Talks are just talks. We need effective and strong measures and policies including policies implementation to turn back on the economy.</p>\n<p><br></p>\n<p>Hong Kong has reduced stamp duty of property tax for the first time in many years.&nbsp;</p>\n<p><br></p>\n<p>Like what I say, the recovery in stock indexes and Chinese stocks are weak and China does really need forceful and strong stimulus measures plus effective implementation to get China's GDP back up strongly.</p>\n<p><br></p>\n<p>As always, this should not be construed as any investment or trading advice.</p>\n<p><a href=\"https://ttm.financial/FUT/CN2311\">$FTSE China A50 Index - Nov 2023(CN2311)$ &nbsp;</a><a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ &nbsp;</a><a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a><a href=\"https://ttm.financial/S/HUYA\">$Huya Inc.(HUYA)$ &nbsp;</a><a href=\"https://ttm.financial/S/JD\">$JD.com(JD)$&nbsp;</a><a href=\"https://ttm.financial/S/TIGR.UK\"></a></p></body></html>","htmlText":"<html><head></head><body><p>After falling sharply below 3,000 points to reach around 2923, Shanghai index rebounded over the last few days and recovered to around 3017 points on Friday. For Shenzhen index, it recovered to around 9770 from 9373... All these are good signals isn't it?</p>\n<p><br></p>\n<p>No to me, it is still not safe yet. Why? Shortsellers at the night time apac time last night continued to attack chinese stocks via A50 and hang Seng tech futures to shake the market off from crossing back into the region of strength...</p>\n<p><br></p>\n<p>Hang Seng Tech futures are already down 1.6 percent and a50 dropped back down from 11995 to around 11885.. like what I had said yesterday on my twitter, china a50 has to cross back above 12k solidly...</p>\n<p><br></p>\n<p>It was reported in financial news that China will hold a twice a decade work conference to focus on resolving risks.. There have been many rounds of such conferences but my concern is that the impact and results are not speedy enough. Talks are just talks. We need effective and strong measures and policies including policies implementation to turn back on the economy.</p>\n<p><br></p>\n<p>Hong Kong has reduced stamp duty of property tax for the first time in many years.&nbsp;</p>\n<p><br></p>\n<p>Like what I say, the recovery in stock indexes and Chinese stocks are weak and China does really need forceful and strong stimulus measures plus effective implementation to get China's GDP back up strongly.</p>\n<p><br></p>\n<p>As always, this should not be construed as any investment or trading advice.</p>\n<p><a href=\"https://ttm.financial/FUT/CN2311\">$FTSE China A50 Index - Nov 2023(CN2311)$ &nbsp;</a><a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ &nbsp;</a><a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a><a href=\"https://ttm.financial/S/HUYA\">$Huya Inc.(HUYA)$ &nbsp;</a><a href=\"https://ttm.financial/S/JD\">$JD.com(JD)$&nbsp;</a><a href=\"https://ttm.financial/S/TIGR.UK\"></a></p></body></html>","text":"After falling sharply below 3,000 points to reach around 2923, Shanghai index rebounded over the last few days and recovered to around 3017 points on Friday. For Shenzhen index, it recovered to around 9770 from 9373... All these are good signals isn't it? No to me, it is still not safe yet. Why? Shortsellers at the night time apac time last night continued to attack chinese stocks via A50 and hang Seng tech futures to shake the market off from crossing back into the region of strength... Hang Seng Tech futures are already down 1.6 percent and a50 dropped back down from 11995 to around 11885.. like what I had said yesterday on my twitter, china a50 has to cross back above 12k solidly... It was reported in financial news that China will hold a twice a decade work conference to focus on resolving risks.. There have been many rounds of such conferences but my concern is that the impact and results are not speedy enough. Talks are just talks. We need effective and strong measures and policies including policies implementation to turn back on the economy. Hong Kong has reduced stamp duty of property tax for the first time in many years. Like what I say, the recovery in stock indexes and Chinese stocks are weak and China does really need forceful and strong stimulus measures plus effective implementation to get China's GDP back up strongly. As always, this should not be construed as any investment or trading advice. $FTSE China A50 Index - Nov 2023(CN2311)$ $Tiger Brokers(TIGR)$ $XIAOMI-W(01810)$ $Huya Inc.(HUYA)$ $JD.com(JD)$","highlighted":1,"essential":2,"paper":2,"likeSize":7,"commentSize":0,"repostSize":4,"favoriteSize":0,"link":"https://ttm.financial/post/235230974787584","repostId":0,"isVote":1,"tweetType":1,"viewCount":402,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["HUYA","TIGR","TIGR.UK","JD","CN2311","01810","CNmain","09618","XIACY"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":1283,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/235230974787584"}