Intl investors and analysts anticipate Chinese stock market rally, say "expected"
International financial institutions have voiced optimism regarding the Chinese market following a recent meeting of the Communist Party of China (CPC) Central Committee focused on economic initiatives aimed at enhancing the capital market. Additionally, the People's Bank of China introduced several significant adjustments to monetary policy last week.
TroibNews 
International financial institutions are expressing optimism regarding the Chinese market following the Political Bureau of the Communist Party of China Central Committee's recent meeting on economic work, which emphasized initiatives to enhance the capital market. Additionally, the People's Bank of China introduced a range of significant monetary policy adjustments last week.
Shayne Elliot, CEO of ANZ Group Holdings, remarked that concerns over the "demise of China" as a viable investment destination are "massively overblown," according to a report from Bloomberg. Elliot, who revealed plans in March to expand ANZ's operations in China, mentioned that the bank continues to be regarded "extraordinarily well" in the region.
In an interview with CNBC, David Tepper, founder and president of Appaloosa Management, indicated that China's central bank had reacted positively to market conditions and had "exceeded expectations" with its recent policy announcements. Tepper expressed a willingness to invest, stating he would buy "everything" in China and noted the significant implications of the stimulus initiatives on bonds, currencies, and stocks.
Stephen Jen, CEO of Eurizon SLJ Capital, shared a similar perspective, highlighting that Chinese equities are extremely undervalued. Bloomberg noted that Jen's report to clients, circulated on Friday, projected that a "serious rally" in Chinese stocks is "entirely possible."
On Monday, the last trading day before the week-long National Day holiday, Chinese stocks experienced a significant increase, with the Shanghai Composite Index rising 8.06 percent, the Shenzhen Index up 10.67 percent, and the ChiNext Index climbing 15.36 percent.
Fang Dongming, head of China Global Markets at UBS, suggested that the market's swift response to these measures marks a "turning point" for the A-share markets.
Additionally, Morgan Stanley's Chief China Economist, Robin Xing, commented that these measures act as a short-term stimulant, enhancing foreign investors' confidence in the Chinese market.
Rohan Mehta contributed to this report for TROIB News
Shayne Elliot, CEO of ANZ Group Holdings, remarked that concerns over the "demise of China" as a viable investment destination are "massively overblown," according to a report from Bloomberg. Elliot, who revealed plans in March to expand ANZ's operations in China, mentioned that the bank continues to be regarded "extraordinarily well" in the region.
In an interview with CNBC, David Tepper, founder and president of Appaloosa Management, indicated that China's central bank had reacted positively to market conditions and had "exceeded expectations" with its recent policy announcements. Tepper expressed a willingness to invest, stating he would buy "everything" in China and noted the significant implications of the stimulus initiatives on bonds, currencies, and stocks.
Stephen Jen, CEO of Eurizon SLJ Capital, shared a similar perspective, highlighting that Chinese equities are extremely undervalued. Bloomberg noted that Jen's report to clients, circulated on Friday, projected that a "serious rally" in Chinese stocks is "entirely possible."
On Monday, the last trading day before the week-long National Day holiday, Chinese stocks experienced a significant increase, with the Shanghai Composite Index rising 8.06 percent, the Shenzhen Index up 10.67 percent, and the ChiNext Index climbing 15.36 percent.
Fang Dongming, head of China Global Markets at UBS, suggested that the market's swift response to these measures marks a "turning point" for the A-share markets.
Additionally, Morgan Stanley's Chief China Economist, Robin Xing, commented that these measures act as a short-term stimulant, enhancing foreign investors' confidence in the Chinese market.
Rohan Mehta contributed to this report for TROIB News
