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Officials say the real estate market is bottoming out. What’s your view on China's property market?
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Top Chinese Weekly Winners: Tencent Jumps 12.7%; Alibaba Surges 21.6%; PDD Holdings Soars 35.6%.

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Mr Long Term joined discussion · Sep 30 05:19
Top Chinese Weekly Winners: Tencent Jumps 12.7%; Alibaba Surges 21.6%; PDD Holdings Soars 35.6%.
Chinese companies saw significant gains over the past week as stimulus policies continue. Tencent jumped 12.7%, Alibaba surged 21.6%, and PDD Holdings soared 35.6%.
The extended gains came after three of China’s largest cities relaxed rules for homebuyers, while the central bank also moved to lower mortgage rates. The latest measures were among the key elements of a sweeping stimulus package released Tuesday that also included interest rate cuts, freeing-up of cash for banks, as well as liquidity support for stocks.

Hong Kong stocks surged Friday amid record trading volume, reclaiming the 20,000 floor and registering the best week in 26 years as a buying spree went into overdrive after Beijing injected fresh fuel into the Chinese economy.

The Hang Seng Index jumped 3.6 per cent to 20,632.30 at the close of Friday trading, the highest level since April 2023. That brings the gain this week to 13 per cent, as the best rally since a 14.9 per cent jump in October 1998 restored more than US$440 billion in value to local stocks.

Demand for Chinese stocks was so strong on Monday that several local brokerages experienced delays in processing orders on their trading applications, local media reported, with some securities firms also seeing a surge in requests to open new trading accounts.

The latest hiccups came after a burst of trading led to glitches that overwhelmed the Shanghai stock exchange on Friday.

Chinese stocks have been on a tear in the last four days, and the shares should be a key part of investors’ plans once the US election is over, according to Scott Rubner, managing director for global markets and tactical specialist at Goldman Sachs Group Inc.
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