CHJHF - Stimulus Moves Give China And Hong Kong Stocks A Lift
2024-02-01 03:00:00 ET
Summary
- Beijing is rolling out a host of measures to boost economic growth and support sagging stock markets. The policies helped Hong Kong’s Hang Seng jump 4.2% last week, breaking a January losing streak.
- Under a new policy, market valuation will become a performance metric for officials at state-owned enterprises, creating an incentive for price-boosting share buybacks.
- Despite the policy stimulus, investors are still jumpy and will rush for the exits in the face of uncertainty.
Finally, a glimmer of light after Chinese and Hong Kong stocks made a dismal start to the year....
Stimulus Moves Give China And Hong Kong Stocks A Lift