May 18, 2024
Investors

State-backed ‘national team’ of investors piles in to prop China stocks

A rescue operation is underway in China’s equity markets with large and unusual flows into blue-chip funds suggesting a plunge by state-backed investors. It is unclear exactly who is buying, or whether their pockets are deep enough to turn around the sliding market. But analysts say the purchasing pattern points to the so-called “national team”

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Property

Chinese stocks’ darkest days may be over as earnings rebound, property recovery seen lifting gloom in 2024 – UBS

The worst may be over for Chinese stocks after three straight years of losses dealt a US$1.4 trillion wipeout, as a recovery in corporate earnings takes hold amid a ramp-up in policy support in the world’s second largest economy, according to Swiss bank UBS Group. An uptick in profits for industrial companies, which largely move

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