Is It Time To Buy Chinese Stocks?
๐๐๐On September 25 2024, the Chinese authorities announced a swathe of stimulus measures that caused a wave of renewed optimism in Chinese stocks and ETFs, resulting in a massive rally. However since then the optimism has gone down.
On Saturday, the Chinese Finance Minister Lan Fo An reiterated China's broad plans to revive the economy with promises made on significant increases to government debt and support for the consumers and the property sector.
While the impact of the proposed plan to lift the China economy may not be felt in the immediate future, I believe that this is great starting point for investors to jump back into the Chinese stock market.
The PBOC's RMB 500 billion swap facility to channel more cash into the stock market is reassuring too.
Chinese stocks are significantly undervalued compared to the US stocks which maybe significantly overpriced.
I have invested in $JD.com(JD)$
It requires a leap of faith to stay invested in Chinese stocks but I am willing to take the chance as they can only go up in the long term.
@Daily_Discussion @TigerStars @Tiger_comments @MillionaireTiger @CaptainTiger
Modify on 2024-10-14 07:12
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