No one can with certainty said Chinese Stocks have bottom out. Prices are still dropping alot due to institutional sell off due to fear of delisting and continued regulatory control. Retailers, like Tigers friends here perceive that prices will decline further too.
To me, most Chinese stocks are undervalued rather than reaching their bottom. Without government intervention, prices will continue to decline when more global funds shun Chinese ADR including the giant valuable tech stock.
The sudden reversal in prices is due to policy signals from Chinese government to prevent financial instability and deceleration of economic growth. Investors are assured that the regulatory control will end soon, the delisting fear of US listed Chinese Stocks is reduced by USA and China cooperation agreement.
This is a piece of good news for all investors as well as the companies. It is also good for the Chinese economy growth amid the covid virus dampening their economy outlook this year and ahead. A right move indeed.
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It is good to have a shake out before things go really bad. So, overall it is good for retail investor.
Political risk still there