Hi,
moomoo ID:0
Log Out
English
Back
Log in to access Online Inquiry

Chinese stocks: Rise as Covid measures ease

626K Views ·151 Posts
With the latest news that China will further ease its zero-Covid policies, the $Hang Seng TECH Index(800700.HK)$ rose 13.6% since the beginning of this week, closing to its weekly record of 15.6% on November 6.
Is Chinese company a yay or a nay? Which stocks are worth watching/holding?
With the latest news that China will further ease its zero-Covid policies, the $Hang Seng TECH Index(800700.HK)$ rose 13.6% since the beginning of this week, closing to its weekly record of 15.6% on November 6.
Is Chinese company a yay or a nay? Which stocks are worth watching/holding?
New
Hot

Many important economic organizations or institutions have published reports on China:

MicrophoneThe World Bank predicts that China's economic growth will be 4.5% in 2023;
MicrophoneThe IMF forecasts that China's economy will grow by 4.4% in 2023, making it one of the few global powers whose growth rate is higher than that in 2022;
MicrophoneGoldman Sachs, an investment bank, predicts that China's economic growth will reach 4.5% in 2023, with some fluctuations in the first half of the year, but the second half will be sig...

China reopening presents ‘great opportunity to buy’ Chinese stocks with valuation upside, Bank of America says

The markets might have already bounced back, but there is still “a great opportunity to buy” China stocks in the next few months, according to analysts at $Bank of America(BAC.US)$ .
China is in the process of reopening and doing away with its tough Covid-19 restrictions, but there are “still a lot of doubts about the path towards reopening and about economic recovery next year,” Winnie Wu...

Tencent, miHoYo and NetEase ranked among the top three mobile game publishers in global revenue in November

In November 2022, a total of 43 Chinese manufacturers were listed in the top 100 global mobile game publisher revenue list.
Due to the strong performance of new games launched by Tencent and other manufacturers in overseas markets, these 43 manufacturers attracted a total of 2.07 billion dollars, an increase of 11.3% compared with October, accounting for 40.2% of the revenue of the global...
Tencent, miHoYo and NetEase ranked among the top three mobile game publishers in global revenue in November
1

Beijing Rolls out 12 New Relief Measures to Step up Financial Support for Corporates

SmileBeginning from September 2022, relevant deferred tax payments for eligible medium-scale manufacturing enterprises and small and micro manufacturing enterprises will be granted another four-month grace period.
SmileEligible fully-electric vehicles, plug-in hybrid vehicles, fuel cell vehicles that are purchased in 2023 will likewise be exempted from vehicle purchase tax.
SmileIn order to step up the financial support fo...
Beijing Rolls out 12 New Relief Measures to Step up Financial Support for Corporates
5

Year end rally?

So it seems that the fed pivot looks real, with inflation coming down recently and our dear Powell is keen to slow down rate hike.
I am not saying that Fed will not change its mind. Anything is possible. Even the black swan event of possible war escalation for Russia Ukraine war could bring the inflation story back.
With China opening up, inflation may just well be going up further in 2023. Inflation or recession... It's really a difficult call...
I remain optimistic of gene...
11

Internet medical stocks led the market! Ali Health rose by more than 7%

$CITIC(06030.HK)$ said that it has optimized and improved epidemic prevention and control measures in many places. It is expected that residents' demand for online medicine purchase and consultation is expected to increase, and it is optimistic about the development opportunities of the industrial Internet medical health sector.
So far, $ALI HEALTH(00241.HK)$ has risen by more than 7%, $Ping An Healthcare And Technology(01833.HK)$ h...
1

Hong Kong to be among top three IPO hubs in 2023, with fundraising set to double to US$26 billion

The number of initial public offerings (IPOs) in Hong Kong is likely to drop 19 per cent this year amid a global slowdown, but the city’s stock exchange should regain bragging rights as one of the world’s top three markets by facilitating twice as much fundingraising in 2023, according to PwC.
Hong Kong saw 69 IPOs in the first 11 months of 2022, and PwC expects this to reach 80 by the end of Decemb...
Hong Kong to be among top three IPO hubs in 2023, with fundraising set to double to US$26 billion
1
PBOC raises the $CNY Central Parity Rate by 638 pips to 6.9746 per US dollar on Tuesday, the highest one since September 21.
The central bank drains 78 billion yuan from the open market as 80 bln yuan comes due today.
$CNY/USD(CNYUSD.FX)$$USD/CNY(USDCNY.FX)$$BANK OF CHINA(03988.HK)$$Hang Seng Index(800000.HK)$$Hang Seng TECH Index(800700.HK)$$BABA-SW(09988.HK)$
Picture
publish-btnPost