Bull Market Beckons China Stock Traders as Consumption Revs Up

Bloomberg2023-01-29

Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...

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Comment（31）

UTOtrader
·2023-01-30
T
Reply
1
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YJ Lee
·2023-01-30
Ok
Reply
1
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ArcherWG
·2023-01-30
Noted
Reply
2
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Sephiro
·2023-01-30
Ok
Reply
3
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andrew123
·2023-01-30
Great
Reply
1
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boomer9595
·2023-01-29
Thanks
Reply
2
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Pluto891
·2023-01-29
stuck in a rut for too Long already... time to wake up...
Reply
4
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Newbie_21
·2023-01-29
Ok
Reply
4
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Kounashi
·2023-01-29
okkk
Reply
3
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embraceit
·2023-01-29
Good insight [Like] Buying opportunity is still there
Reply
8
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Prosperity88
·2023-01-29
Ok
Reply
7
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TeslaLegend
·2023-01-29
Nice
Reply
5
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Fiona888
·2023-01-29
Yes
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7
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Fold Replies
- Fiona888:
  k
  2023-01-29
  Reply
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MrHuattt
·2023-01-29
Ok
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7
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Fold Replies
- MrHuattt:
  sure
  2023-01-29
  Reply
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来人
·2023-01-29
Ok
Reply
3
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YueShan
·2023-01-29
Good🌟🌟🌟
Reply
6
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kong1509
·2023-01-29
Ok
Reply
3
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glorify
·2023-01-29
Great ariticle, would you like to share it?
Reply
4
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glorify
·2023-01-29
Great ariticle, would you like to share it?
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3
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glorify
·2023-01-29
Yeh! Time to ready for the bull run?Hopeful to see it!👍
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","article_id":"1114231100","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","pubTimestamp":1674955140,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"随着消费加速，牛市召唤着中国股市交易员","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CNmain":0.9},"content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9952759936,"gmtCreate":1675033163325,"gmtModify":1676538970417,"author":{"id":"3574547619690492","authorId":"3574547619690492","name":"UTOtrader","avatar":"https://static.tigerbbs.com/82be6befb29ac8516e463638d3f659d5","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574547619690492","authorIdStr":"3574547619690492"},"htmlText":"T","listText":"T","text":"T","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952759936","repostId":1114231100,"repostType":4,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9952750863,"gmtCreate":1675033017752,"gmtModify":1676538970400,"author":{"id":"4108816210230400","authorId":"4108816210230400","name":"YJ Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4108816210230400","authorIdStr":"4108816210230400"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952750863","repostId":1114231100,"repostType":4,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9952727405,"gmtCreate":1675032777507,"gmtModify":1676538970363,"author":{"id":"3581837121803380","authorId":"3581837121803380","name":"ArcherWG","avatar":"https://community-static.tradeup.com/news/38e40c44fababa6849ceb15dfe8931a3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581837121803380","authorIdStr":"3581837121803380"},"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952727405","repostId":1114231100,"repostType":4,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9952727639,"gmtCreate":1675032629121,"gmtModify":1676538970356,"author":{"id":"4102856944715880","authorId":"4102856944715880","name":"Sephiro","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4102856944715880","authorIdStr":"4102856944715880"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952727639","repostId":1114231100,"repostType":4,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9952725809,"gmtCreate":1675029307601,"gmtModify":1676538970292,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0,"idStr":"3576260758860416","authorIdStr":"3576260758860416"},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952725809","repostId":1114231100,"repostType":4,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9952720521,"gmtCreate":1675004554164,"gmtModify":1676538970056,"author":{"id":"3572356875693179","authorId":"3572356875693179","name":"boomer9595","avatar":"https://static.tigerbbs.com/a1c28a016b3392fde65eec18f24c3012","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":1,"idStr":"3572356875693179","authorIdStr":"3572356875693179"},"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952720521","repostId":1114231100,"repostType":4,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9952764969,"gmtCreate":1674999168751,"gmtModify":1676538969958,"author":{"id":"3581937910767045","authorId":"3581937910767045","name":"Pluto891","avatar":"https://static.tigerbbs.com/c9963f2ef3d3ad2aff28340461d3d6d0","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3581937910767045","authorIdStr":"3581937910767045"},"htmlText":"stuck in a rut for too Long already... time to wake up...&nbsp;","listText":"stuck in a rut for too Long already... time to wake up...&nbsp;","text":"stuck in a rut for too Long already... time to wake up...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952764969","repostId":1114231100,"repostType":4,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9952761696,"gmtCreate":1674992298415,"gmtModify":1676538969808,"author":{"id":"3581562486795328","authorId":"3581562486795328","name":"Newbie_21","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3581562486795328","authorIdStr":"3581562486795328"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952761696","repostId":1114231100,"repostType":4,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9952769504,"gmtCreate":1674989948208,"gmtModify":1676538969688,"author":{"id":"4106187337628130","authorId":"4106187337628130","name":"Kounashi","avatar":"https://community-static.tradeup.com/news/d8beb6765f9113b871b7d57afa63a0ea","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":1,"idStr":"4106187337628130","authorIdStr":"4106187337628130"},"htmlText":"okkk","listText":"okkk","text":"okkk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952769504","repostId":1114231100,"repostType":2,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9952787383,"gmtCreate":1674984561343,"gmtModify":1676538969487,"author":{"id":"4087110108494710","authorId":"4087110108494710","name":"embraceit","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":4,"crmLevelSwitch":0,"idStr":"4087110108494710","authorIdStr":"4087110108494710"},"htmlText":"Good insight&nbsp;[Like]&nbsp; Buying opportunity is still there","listText":"Good insight&nbsp;[Like]&nbsp; Buying opportunity is still there","text":"Good insight [Like] Buying opportunity is still there","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952787383","repostId":1114231100,"repostType":4,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9952782370,"gmtCreate":1674981841790,"gmtModify":1676538969376,"author":{"id":"3569644599778803","authorId":"3569644599778803","name":"Prosperity88","avatar":"https://static.tigerbbs.com/673e75041219828ee5fce0d5b00ebbfe","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3569644599778803","authorIdStr":"3569644599778803"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952782370","repostId":1114231100,"repostType":4,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9952789532,"gmtCreate":1674976164026,"gmtModify":1676538969066,"author":{"id":"3572489627147183","authorId":"3572489627147183","name":"TeslaLegend","avatar":"https://static.tigerbbs.com/180ad6f06095bcbf2b6594d26c494752","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":4,"crmLevelSwitch":1,"idStr":"3572489627147183","authorIdStr":"3572489627147183"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952789532","repostId":1114231100,"repostType":4,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9952789654,"gmtCreate":1674976016278,"gmtModify":1676538969066,"author":{"id":"3581675432544786","authorId":"3581675432544786","name":"Fiona888","avatar":"https://static.tigerbbs.com/42688ec73bb74970876cdb05131f23f7","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"idStr":"3581675432544786","authorIdStr":"3581675432544786"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9952789654","repostId":1114231100,"repostType":4,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105674413,"gmtCreate":1674976029885,"gmtModify":1674976042829,"authorId":3581675432544786,"author":{"id":3581675432544786,"idStr":"3581675432544786","authorId":3581675432544786,"name":"Fiona888","avatar":"https://static.tigerbbs.com/42688ec73bb74970876cdb05131f23f7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9952789654,"type":1,"supId":0,"prevId":0,"content":"<u>k</u>","text":"<u>k</u>","html":"<u>k</u>"}],"langContent":"EN"},{"id":9952789363,"gmtCreate":1674975951752,"gmtModify":1676538969058,"author":{"id":"4089116574465250","authorId":"4089116574465250","name":"MrHuattt","avatar":"https://community-static.tradeup.com/news/e67f8f8c2b0192fadc4cd499a84e6c8b","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"4089116574465250","authorIdStr":"4089116574465250"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9952789363","repostId":1114231100,"repostType":4,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105674412,"gmtCreate":1674975986189,"gmtModify":1674975999195,"authorId":4089116574465250,"author":{"id":4089116574465250,"idStr":"4089116574465250","authorId":4089116574465250,"name":"MrHuattt","avatar":"https://community-static.tradeup.com/news/e67f8f8c2b0192fadc4cd499a84e6c8b","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9952789363,"type":1,"supId":0,"prevId":0,"content":"<u>sure</u>","text":"<u>sure</u>","html":"<u>sure</u>"}],"langContent":"EN"},{"id":9952717951,"gmtCreate":1674970803574,"gmtModify":1676538968834,"author":{"id":"3575544575320394","authorId":"3575544575320394","name":"来人","avatar":"https://static.tigerbbs.com/0af89587decbb8a1d3e1596adc29cb98","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3575544575320394","authorIdStr":"3575544575320394"},"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952717951","repostId":1114231100,"repostType":4,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9952712164,"gmtCreate":1674968190258,"gmtModify":1676538968665,"author":{"id":"3583033297199166","authorId":"3583033297199166","name":"YueShan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3583033297199166","authorIdStr":"3583033297199166"},"htmlText":"Good🌟🌟🌟","listText":"Good🌟🌟🌟","text":"Good🌟🌟🌟","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952712164","repostId":1114231100,"repostType":4,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9952712020,"gmtCreate":1674968128460,"gmtModify":1676538968658,"author":{"id":"4112855949003692","authorId":"4112855949003692","name":"kong1509","avatar":"https://community-static.tradeup.com/news/5c7779ca51cd488037d326183dfd5994","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4112855949003692","authorIdStr":"4112855949003692"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952712020","repostId":1114231100,"repostType":4,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9952716313,"gmtCreate":1674967447632,"gmtModify":1676538968629,"author":{"id":"4087698744325360","authorId":"4087698744325360","name":"glorify","avatar":"https://static.tigerbbs.com/bb1a0d88b0029e6cb51d7065d6b143e5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087698744325360","authorIdStr":"4087698744325360"},"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952716313","repostId":1114231100,"repostType":4,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9952716952,"gmtCreate":1674967369277,"gmtModify":1676538968630,"author":{"id":"4087698744325360","authorId":"4087698744325360","name":"glorify","avatar":"https://static.tigerbbs.com/bb1a0d88b0029e6cb51d7065d6b143e5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087698744325360","authorIdStr":"4087698744325360"},"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952716952","repostId":1114231100,"repostType":2,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9952716007,"gmtCreate":1674967352810,"gmtModify":1676538968622,"author":{"id":"4087698744325360","authorId":"4087698744325360","name":"glorify","avatar":"https://static.tigerbbs.com/bb1a0d88b0029e6cb51d7065d6b143e5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087698744325360","authorIdStr":"4087698744325360"},"htmlText":"Yeh! Time to ready for the bull run?Hopeful to see it!👍","listText":"Yeh! Time to ready for the bull run?Hopeful to see it!👍","text":"Yeh! Time to ready for the bull run?Hopeful to see it!👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952716007","repostId":1114231100,"repostType":2,"repost":{"id":"1114231100","pubTimestamp":1674955140,"share":"https://ttm.financial/m/news/1114231100?lang=&edition=fundamental","pubTime":"2023-01-29 09:19","market":"us","language":"en","title":"Bull Market Beckons China Stock Traders as Consumption Revs Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1114231100","media":"Bloomberg","summary":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restauran","content":"<html><head></head><body><ul><li>Travel and box office data show recovery in consumer spending</li><li>Beneficiaries include hotels, restaurants and tour operators</li></ul><p><img src=\"https://static.tigerbbs.com/310a96734b46a9e316b43664d9dd99be\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.</p><p>The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.</p><p>A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.</p><p>The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.</p><p><img src=\"https://static.tigerbbs.com/4cb09e0046bf9915e52aafe04e8b6cbb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.</p><p>Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.</p><p>“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”</p><h2>Spending Spree</h2><p>The upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.</p><p>Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.</p><p>In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.</p><p>Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.</p><p><img src=\"https://static.tigerbbs.com/eb44579b3950f6e80ca736495f24b82b\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Still, some investors caution that a new wave of virus cases may cloud the outlook.</p><p>“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.</p><h2>More Stimulus</h2><p>But in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.</p><p>The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.</p><p>“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bull Market Beckons China Stock Traders as Consumption Revs Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBull Market Beckons China Stock Traders as Consumption Revs Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-29 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114231100","content_text":"Travel and box office data show recovery in consumer spendingBeneficiaries include hotels, restaurants and tour operatorsA four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.A sustained uptrend may dispel anylingering doubtthat the worst is over for Chinese equities, after previous rebounds were cut short by surging Covid cases. The rollback of virus curbs and a policy pivot by Beijing have won over Wall Street banks such as Morgan Stanley which expects China’s equities tobeat global peersin 2023.The gains are likely to “sustain as the economic recovery will continue throughout 2023 and investor positioning has yet to be replenished after the capitulation sale last fall,” said Redmond Wong, strategist at Saxo Capital Markets HK Ltd. The rally in the first half will be underpinned by easing US inflation, a potential pause in Federal Reserve tightening and a better-than-expected European economy, he added.The CSI 300 Index has climbed almost 20% since the reopening rally began in November, lagging a 57% gain in the Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong. The return of overseas buyers has been a key driver for onshore equities, with northbound inflows capping the longest daily streak through Jan. 20 since May 2020.Mainland shares could get a further boost when Stock Connect flows resume on Monday, according to Marvin Chen, an analyst at Bloomberg Intelligence.“There may be some catch-up gains,” said Chen. “Holiday spending has recovered somewhat and there is maybe some carry over from global market sentiment as the rate hike cycle approaches the end.”Spending SpreeThe upswing is fueled by optimism that China’s outlook is improving afterdatafrom December industrial output to retail sales highlighted the economy’s resilience. Earlier this month, Vice Premier Liu He said growth will likelyreboundto its pre-pandemic trend this year.Spending patterns during the Lunar New Year break are reinforcing the optimism. Travelers swarmed China’sscenic destinationsduring the holiday, box office sales rose andbookingsof hotels, guest houses and tourist spots exceeded the comparable period in 2019.In tandem, movie-related stocks such asIMAX China Holding Inc.andMaoyan Entertainmentjumped in Hong Kong when trading resumed in the city on Thursday. Sports apparel maker Li Ning Co. and hotpot chain Haidilao International Holding Ltd. also rallied.Other assets have also climbed, with the offshore yuan on track to rise for a third straight month amid bullish calls from the likes of Goldman Sachs Group Inc., Commerzbank AG and HSBC Holdings Plc.Still, some investors caution that a new wave of virus cases may cloud the outlook.“We would like to see Covid infections quickly fall in China after what is likely to be an increase in cases caused by Chinese New Year travel, clearing the way for more robust economic growth,” said Kristina Hooper, chief global market strategist at Invesco Ltd.More StimulusBut in the near term, demand for Chinese equities may hold up as traders ready for more pro-growth policies to be announced at annual political meetings in March, according to Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd.The MSCI China Index, which includes both onshore and offshore shares, trades at 10.4 times forward price-to-earnings ratio. That’s still lower than the historical average of 11.6 times.“You can argue that the market is a bit expensive now after a sharp rally, but I don’t think all the good news has been fully priced in yet, especially on the regulation front,” Leung said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":592,"commentSize":31,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}