Reported about 1 year ago
Over the past month, major Chinese stock indices have been mixed, with the optimism in the market not continuing despite increased official support for the property market. The CSI 300 and SZSE Component Index fell by 0.85% and 2.1% respectively in the last month; the FTSE China A50 Index, representing large-cap stocks in both markets, slightly rose by 0.06%. Despite varied economic data, including strong exports but weak consumption and real estate, the A50 index remains stable, making it suitable for continued investment. With better-than-expected Q1 GDP growth and ongoing stimulus policies, including looser monetary policies, foreign institutions are revising economic growth estimates upwards for this and next year. Despite a recent large-scale stimulus policy announcement on the property market by the Chinese government, foreign investments show signs of turning cautious, waiting for more data improvement before initiating new capital inflows.
Source: YAHOO