In our previous report (see “Views on Current Macro-Control Policies”), we systematically outlined the suite of incremental measures from the September 26 meeting, focusing on stock and real estate asset prices. The central government’s increased spending is supporting debt resolution.…
With only seven trading days left before the U.S. election results are revealed, the U.S. election is taking center stage, while uncertainties around Japan’s parliamentary elections and China’s NPC meeting are also set to resolve soon. Recently, the global markets…
– September 24: PBOC, CSRC, and Financial Regulatory Administration introduced the “Three Arrows” of monetary policy. – September 26: Central Political Bureau meeting aimed to boost capital markets and stabilize the real estate sector. – October 8: NDRC announced a…
Last week was relatively quiet in terms of macroeconomic events, leading to limited market volatility. Early in the week, ASML’s downward revision of its earnings forecast triggered a broad pullback in tech stocks, but this was soon offset by TSMC’s…
Last week, most markets, excluding China, maintained a bullish trend. The Nasdaq is nearing its July high, and the cryptocurrency market has recently seen a rebound. In contrast, A-shares opened higher after the National Day holiday but then pulled back…
Last week proved to be a rollercoaster for the markets, starting with escalating tensions between Iran and Israel, followed by unexpectedly strong U.S. employment data that sent asset prices on a wild ride. High-leverage speculators faced repeated liquidations throughout the…
Before the holiday break, A-shares surged under the guidance of various policies, with the Shanghai Composite rising from 2,700 to 3,336. Looking back, the high points were 3,424 in July 2022, 3,400 in April 2023, and 3,100 in May 2024.…
On September 24, the Shanghai Composite Index rose by 4.15%, marking its highest single-day gain in four years and recovering the 2,700 and 2,800 points while nearing 2,900. This significant asset price surge is undoubtedly linked to the State Council’s…
Last week marked a period of asset growth as the market increasingly tilted towards a 50bp rate cut from the Federal Reserve starting on Monday. By the eve of the rate decision, the odds had shifted to a 60:40 ratio…
PMI Continues to Decline On November 30, data released by the National Bureau of Statistics showed that in November, the Manufacturing Purchasing Managers’ Index (PMI) was 49.4%, a decrease of 0.1 percentage points from the previous month, indicating a slight…
