Chinese just announced that they want local institutional investors to increase equity investments. This could benefit HK and Shanghai stonks alot. Names like $ZH, which are dual- primary listed in HK and US can be invested by mainland investors under the stock connect scheme. Super bullish but market ain't aware of that yet.
The CSRC also announced they have been meeting with the PCAOB on a weekly basis to sort out auditing issues and will be done with it in the near-term.
CSRC again confirmrd that foreign-listing is the way forward because Chinese financial markets are still underdeveloped.
HK lockdown just ended and Shanghai's one is recovering and coming to an end in the coming week. Comparing the two nations from a monetary policy perspective, CN gov is easing while the US is tightening. It's a no brainer to buy China now.
Not to mention how many of the stocks have low PE , trades less than book value and have lots of cash and can still perform share buybacks. Load up and start printing some RMB with me !
Buy China in larger proportions and sell US is the way forward in the coming year.
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The Eastern Sun Raise.