PER JP MORGAN: “ In a note published Monday, the bank’s China Internet analyst Alex Yao and a team said “significant uncertainties should begin to abate on the back of recent regulatory announcements” that came earlier than expected.
Digital entertainment, local service and e-commerce stocks will be “the first batch of outperformers,” the bank said.
“We think key risks to the sector have diminished, particularly in terms of regulatory risk, ADR delisting risk, and geopolitical risk,” the JPMorgan analysts said”.
K
On Tuesday, Chinese officials met with some of the country’s top technology executives in further signs of easing. Following the meeting, China’s Vice-Premier Liu He pledged support for the technology sector and plans for internet companies to go public.
G
I smell a short cover rally!
V
Hard times, but you can only win the game if you stay in the game 😀
V
Watkins watkins..... Watch tomorrow
V
i see nobody wants to be rich and buy, they want to suffer selling in deep losses and being poor forever. Shame people. They only like to buy at 30 levels.. XD
G
Long and buying more every other week… easy triple
V
#BREAKING China central cuts foreign exchange deposit reserve ratio of financial institutions by 1 percentage point to 8% from 9%. The easing has begun !
@Viktor definitely has a rich dad. There is no way you can still be on this board after so many red days. All longs have disappeared, yet you are still here.
V
Short more watkins. It is the darkest hour before the sun rise
e
80% of Tigers business is outside China so how does the lockdown impact that business? Anyway what so you think people are doing ar home! trading stocks...
K
TIGR be up by 3% and people alrdy bullish. When it has alrdy drop 50% since April lol
V
I appritiate that mr. Watkins. I have time, i bought it for a long term. Diamond hands. Rapid growth company, good ERs in crackdown. Will fly after china opens. By autumn we will find out who wins 😎
Chinese government just announced that they want local institutional investors to increase equity investments. This could benefit HK and Shanghai stonks alot. Names like $ZH, which are dual- primary listed in HK and US can be invested by mainland investors under the stock connect scheme. Super bullish but market ain't aware of that yet.
The CSRC also announced they have been meeting with the PCAOB on a weekly basis to sort out auditing issues and will be done with it in the near-term. CSRC again confirmrd that foreign-listing is the way forward because Chinese financial markets are still underdeveloped.
HK lockdown just ended and Shanghai's one is recovering and coming to an end in the coming week. Comparing the two nations from a monetary policy perspective, CN gov is easing while the US is tightening. It's a no brainer to buy China now.
Not to mention how many of the stocks have low PE , trades less than book value and have lots of cash and can still perform share buybacks. Load up and start printing some RMB with me ! Buy China in larger proportions and sell US is the way forward in the coming year.
“ In a note published Monday, the bank’s China Internet analyst Alex Yao and a team said “significant uncertainties should begin to abate on the back of recent regulatory announcements” that came earlier than expected.
Digital entertainment, local service and e-commerce stocks will be “the first batch of outperformers,” the bank said.
“We think key risks to the sector have diminished, particularly in terms of regulatory risk, ADR delisting risk, and geopolitical risk,” the JPMorgan analysts said”.
Following the meeting, China’s Vice-Premier Liu He pledged support for the technology sector and plans for internet companies to go public.
Shame people. They only like to buy at 30 levels.. XD
China central cuts foreign exchange deposit reserve ratio of financial institutions by 1 percentage point to 8% from 9%.
The easing has begun !
#China $CNY $CNH
$BABA $TME $ZH $XPENG $NIO $HUYA $PDD $JD $TCEHY $KWEB $RLX $LI $XPENG
The CSRC also announced they have been meeting with the PCAOB on a weekly basis to sort out auditing issues and will be done with it in the near-term.
CSRC again confirmrd that foreign-listing is the way forward because Chinese financial markets are still underdeveloped.
HK lockdown just ended and Shanghai's one is recovering and coming to an end in the coming week. Comparing the two nations from a monetary policy perspective, CN gov is easing while the US is tightening. It's a no brainer to buy China now.
Not to mention how many of the stocks have low PE , trades less than book value and have lots of cash and can still perform share buybacks. Load up and start printing some RMB with me !
Buy China in larger proportions and sell US is the way forward in the coming year.
$ZH $HUYA $IQ $TME $XPENG $NIO $JD $LI $BABA $HSI $KWEB $WB $XNET $DOYU $BILI $PDD $TIGR $FUTU $MOMO $NTES $BEKE $DIDI $YMM $ZLAB $CAN $RENN $YSG $VIOT $QTT $TAL $TUYA