China markets buoyed by policy promises
Markets had been hankering for a stimulus package to help shore up China’s flagging economy. And indeed, an announcement by the Politburo this week pledging more policy support has led to a broad based rally in Chinese shares. Measures include building more public infrastructure, increasing the supply of affordable housing, promoting small and medium enterprises (SMEs), and strengthening the digital economy and artificial intelligence development.
After a tough first half, here is a look at whether the rally is sustainable and which sectors could see the biggest gains.
If you are interested in investment opportunities related to the theme covered in this article, here are some UOBAM funds to consider:
UOBAM Ping An ChiNext ETF Website | Fund Factsheet (July 2023)
United China A-Shares Innovation Fund Website | Fund Factsheet (July 2023)
You may wish to seek advice from a financial adviser before making a commitment to invest in the above fund(s), and in the event that you choose not to do so, you should consider carefully whether the funds are suitable for you.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
