[ad_1] 1 / 8 Chinese Premier Li Qiang revealed Beijing’s targets and the action plan to hit the 5% target for economic growth third year in a row. Aside from the promised spending to boost consumer demand, defence, and housing, some of the big highlights included the end of ‘illegal investigations against the private sector […]
Two most prominent investors signal the end of ‘buy everything’ in China – CNBC TV18
[ad_1] Two of the world’s most prominent investors are signaling the days of across-the-board gains in Chinese stocks may be ending. David Tepper, the billionaire money manager who made waves with his call to buy “everything” related to Chinese stocks in September, trimmed his exposure to Alibaba Group Holding Ltd. and the iShares China Large-Cap […]
Chinese stocks see choppy trade as investors debate next move – CNBC TV18
[ad_1] Chinese stocks fluctuated in early trading Tuesday amid growing debate over how far the rally can go. The CSI 300 Index was down 0.3% as of 10:28 a.m. local time, after falling as much as 1.4% earlier. It rose 1.9% on Monday. A gauge of Chinese shares listed in Hong Kong slipped 0.5%. Volatility […]
Hedge funds sold record Chinese stocks on Tuesday, Goldman Sachs says – CNBC TV18
[ad_1] Hedge funds sold a record amount of Chinese shares on Tuesday after a weeklong holiday that lacked more major stimulus, according to a Goldman Sachs Group Inc. trader note. “Hedge funds not only unwound their long positions but added shorts to their books as well, with long sells being double the amount of short […]
A 13 percent rally this week has helped Hang Seng post its best weekly gain in 26 years – CNBC TV18
[ad_1] Hong Kong’s Hang Seng Index surged 13% this week, marking its best weekly gain in 26 years. The index reclaimed the 20,000 level, aided by Beijing’s stimulus measures, including the People’s Bank of China (PBC) cutting the amount of cash that banks must hold as reserves, or the reserve requirement ratio (RRR), by 0.50 […]