Riding the Post-Golden Week Bull - Let's Go China.

RAJAH88
10-06

On Tuesday, the entire nation of China will be back to work. If you've been following Chinese social media, you'll have noticed a surge of interest in investing in the Chinese stock market over the past few days. Some mainlanders are even going as far as refinancing their homes to free up capital. The level of enthusiasm to jump back into the market after the Golden Week holiday is something we haven't seen before in the history of the Chinese stock market.

Some may argue that this is only a short-term effect, but the Chinese market has been depressed for so long, and many Chinese companies' valuations no longer make sense – they are relatively cheap. This bull run is bound to benefit some of the most well-run and long-undervalued Chinese companies. The question is, what are your top picks to ride this bull market? Personally, Im invested in Alibaba (Baba) ‌
$Alibaba(BABA)$  $BABA-W(09988)$  , and I believe that as the Chinese market rises, some of Alibaba investments will translate into record profits and reflect in their Q4 earnings. In previous quarters, earnings were depressed and understated due to losses in these investment values.Let's enjoy this moment.

Is anyone planning to buy tomorrow on the HK market before the masses rush in? Hopefully there is a dips and I will buy more ‌$TRACKER FUND(02800)$  ‌and ‌$BANK OF CHINA(03988)$  ‌ just to ride this wave.

China Equities Back! Do You Catch Up Rally?
At the 2024 Financial Street Forum Annual Conference, Central Bank Governor Pan Gongsheng stated that on September 27, the reserve requirement ratio (RRR) had been lowered by 0.5 percentage points. It is expected that by the end of the year, based on the market liquidity situation, there will be an opportunity to further reduce the reserve requirement ratio by 0.25 to 0.5 percentage points. ------------------ Are you bullish on China's policies or not? Do you catch up this rally?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • gds
    10-07
    gds
    explosive events gonna happen. stay vested. dyodd
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