It's late, very late. But it's all well planned because of capital flight due to high interest rates in the US. Whatever China is doing now is trying to keep liquidity within the country to promote growth. But first, policy makers should first reward and revive it's stock market first, to uplift overall sentiment and wellbeing of investors which in turn encourages spending.
China Mulls Stock Stability Fund, Unlocks $113 Billion From PBOC
$Tencent Music(TME)$ Best performing Chinese stock among the rests. Expect all the money to come riding this wave than waiting for other Chinese stocks that haven't change trend yet.
$DouYu(DOYU)$ Brilliant Doyu. That's a great way for shareholder return, meanwhile also punishes the short sellers, to pay $9.76 in every share shorted. Great strategy, also tells a lot of company's confidence going forward.
$BEST Inc(BEST)$ Any hope for Best Inc? A company that is making more than $1 billion a year but with a market cap of less than $50 million. The best solution is to merge with Cainiao and stay listed in the US
I did not expect my returns since September 2023 to beat 99% of platform users. Probably doing less is more. Buying quality stocks at a depressed price and do nothing for the longer term.
$TENCENT(00700)$ Hang Seng is already like a pile of brown murky chocolate yet the Chinese Government continues to hurt foreign investors sentiment. Continue to a 5th year decline into 2024. Well done China.
One of the reasons that Chinese shoppers fail to splurge could be due to the lacklustre local stock market that has yet to enrich the economy. More needs to be done to kick-start a sustainable bull market
More Worries for China, Sales at Big E-Commerce Festival Drop for First Time