Reported about 6 hours ago
Michael Hartnett from Bank of America recommends that investors purchase Chinese equities during market dips, anticipating a new fiscal stimulus announcement from Beijing potentially amounting to 2 trillion yuan ($283 billion). Hartnett noted that recent surges in investments, with a record $39.1 billion flowing into Chinese equity funds, signal an optimistic outlook for economic growth and rising bond yields. Despite a recent drop in the CSI 300 Index, he believes Chinese policymakers will actively utilize capital markets to stimulate domestic demand.
Source: YAHOO