China’s stock woes: funds shun equities for bonds, ETFs, luxury homes in downbeat market
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China's stock market, valued at US$8.2 trillion, struggles to attract investors; turnover on Shanghai and Shenzhen exchanges hits a four-year low; CSI 300 Index down 10% from May 20, 2024; Antony Xu, a Shanghai accountant, prefers wealth management products over stocks; Wu Qing, CSRC chairman, faces challenges despite measures to boost market confidence; investors disappointed by lack of strong follow-up policies after Communist Party meetings; new bank lending at slowest pace in 14 years; CSI 300 Index valued at 11.6 times estimated earnings; Kweichow Moutai downgraded by UBS; luxury homes in tier-one cities see increased demand; 1,600 units priced at 30 million yuan or more sold in Shanghai in H1 2024, up 40% YoY; overseas investors remain cautious; Brook McConnell notes lack of excitement in China and Hong Kong stocks.
#China #StockMarket #Investors #Bonds #Etfs #RealEstate #EconomicRecovery #Csrc #KweichowMoutai #LuxuryHomes
https://www.scmp.com/business/china-business/article/3275552/chinas-stock-woes-funds-shun-equities-bonds-etfs-luxury-homes-downbeat-market
South China Morning Post /
npub1x2…knuvq
2024-08-24 00:54:04
Author Public Key
npub1x2q0x7w5tqx0x3j9tdvkvqmetarpr8axhpjq7qw5xxrcysdwtrzssknuvqPublished at
2024-08-24 00:54:04Event JSON
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"content": "China’s stock woes: funds shun equities for bonds, ETFs, luxury homes in downbeat market\n==========\n\nChina's stock market, valued at US$8.2 trillion, struggles to attract investors; turnover on Shanghai and Shenzhen exchanges hits a four-year low; CSI 300 Index down 10% from May 20, 2024; Antony Xu, a Shanghai accountant, prefers wealth management products over stocks; Wu Qing, CSRC chairman, faces challenges despite measures to boost market confidence; investors disappointed by lack of strong follow-up policies after Communist Party meetings; new bank lending at slowest pace in 14 years; CSI 300 Index valued at 11.6 times estimated earnings; Kweichow Moutai downgraded by UBS; luxury homes in tier-one cities see increased demand; 1,600 units priced at 30 million yuan or more sold in Shanghai in H1 2024, up 40% YoY; overseas investors remain cautious; Brook McConnell notes lack of excitement in China and Hong Kong stocks.\n\n#China #StockMarket #Investors #Bonds #Etfs #RealEstate #EconomicRecovery #Csrc #KweichowMoutai #LuxuryHomes\n\nhttps://www.scmp.com/business/china-business/article/3275552/chinas-stock-woes-funds-shun-equities-bonds-etfs-luxury-homes-downbeat-market",
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