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The Central Financial Commission has vowed to keep policies in line with international rules and avoid jarring turns in regulation in an attempt to reverse or mitigate 2023’s precipitous drops in stock value and foreign investment.
(Bloomberg) -- China’s authorities are stepping up efforts to stabilize the stock market after a massive selloff. The collapse in valuations since a peak in 2021 makes them the world’s “best value proposition,” according to at least one market veteran. Others remain unconvinced, saying the economy faces some tough challenges which will keep hampering stocks. So is this a golden moment or a value trap?Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Sensing Advantage in WarTesla Si
A growing number of investors in developing economies are carving China out of their portfolios, but they are merely trading one set of risks for another. Fund managers cannot ignore the influence China has over emerging markets, especially in Asia, and alternatives are not as cheap as they used to be.
Optimism is building in the onshore market after foreign investors sparked a rally, which was ably assisted by a rising yuan, boosting the market cap by US$228 billion.
Despite concerns about China’s economy and markets, some prominent strategists and fund managers are optimistic about the prospects for Chinese stocks. There is a sense that the economy has stabilised amid the property sector’s struggles, Chinese shares are affordable and parts of the market have proven resilient.