The Chinese equity market has been in free fall for a while now. Up until yesterday, it was down 30% YTD (CSI 1000 index) and started the session yesterday with an 8% fall. Today, Xi Jinping meet with financial regulators to stop the bleeding and the market is surging 6.2%. It appears he may have met also with Chinese sovereign funds who might be behind the buying spree. It’s not clear if that would be enough to support the markets as China needs to clean the real estate excesses that have been going on for years. The stimulus option is on the table but needs to be announced and implemented carefully to avoid weakening the Yuan in an uncontrolled manner.
Want to know more? join Fund@mental here https://apps.apple.com/us/app/fund-mental/id1495036084
#iamfundamental #soyfundamental #wealthmanagement #familyoffice #financialadvisor #financialplanning
Comments