Chinese stocks rebounded sharply. A chance or not?
Chinese stocks mounted a record rally Wednesday after Beijing said it would move to stabilize markets and the economy, sending Hong Kong's benchmark index to its biggest gain since the 2008 financial crisis.
The party continued on Thursday. Then what’s the next? Can the rebound continue in 2022? Would you make your bets on it?
The party continued on Thursday. Then what’s the next? Can the rebound continue in 2022? Would you make your bets on it?
- Munger bet on China
According the Q42022 13F, Munger has added positions of $Alibaba(BABA.US$ .
Q: Why invest in China? And why Alibaba?
Because "we got morestrengths per dollar invested. In China, the companies we invest in are stronger relative to their competition and priced lower. That's why we're in China.”
( Read more: Investing Hacks: Why did Charlie Munger double down Alibaba? Is he right or wrong?)
- Other top Chinese stocks covered by smart money:
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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ngng001 : must buy!!
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Major Key : The words are ". follow the money". We can't always follow the money. Especially if their is an agenda in front of them. I say this is a U.S. developed train wreck that will destroy both American and Chinese financrs alike. My trust In the US. government is completely none existant and so if China is taking any, the slightest hints from these characters. Then my response to this is a flat out run!
However, if you're experienced you can follow the money and move with it.
Moomoo LearnOP Major Key: Insightful sharing. Following other money is never the goal, but to provide another perspective for us on the market.
70854930 Moomoo LearnOP: Especially with the news of late I feel China is well positioned to be purchased given their influence with Saudi Arabia.
Rudy81 : Chinese stock increased due to the gov ‘s guarantee to the foreign investors. However intention might not be pure.
The chinese gov just don’t want another crash following their decision having another Cities lockdown due to COVID.
Pat Goh : Can start to buy bit by bit. I have started on baba.")
PastorGaga : No offense but Chinese govt this cannot that cannot, every little thing also must control, i doubt this will last long