Beijing’s stimulus action likely to make riskier Chinese assets look better to investors

Quick Summary:

Investors are reacting favourably to a hefty stimulus package from Beijing and they are likely to take on greater risks with Chinese assets.

And a bull run in China’s debt market has taken a breather, with the yield on the benchmark 10-year government bond rising from a record low.“This may be a good time to revisit Chinese stocks,” said David Chao, a strategist at US asset-management firm Invesco.“I believe that investors may pick up Chinese shares at these levels [ahead of the] proposed stabilisation fund, and more government support.

The offshore yuan this week strengthened past 7 against the US dollar for the first time in 16 months.

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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets: Hong KongChina

Topics: Buying Chinese Bank Week Benchmark Fund Stabilisation Stocks Investors Assets Yuan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-26 @ 14:56:29 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 230 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22718757

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