Chinese investors’ appetite for equities seems to have returned. They are anticipating yet more government measures to boost the slowing Chinese economy.
CCTV’s Dong Yiling has the story.
China stock investors regain confidence in economyChinese investors' appetite for equities seems to have returned. They are anticipating yet more government measures to boost the slowing Chinese economy.CCTV's Dong Yiling has the story.
- Investors’ sentiment improved sharply in September, with an index tracking investors’ confidence increasing nearly 25 percent compared to the previous month, according to a survey conducted by the state-owned China Securities Investor Protection Fund (SIPF).
- The SIPF said investor confidence fell below 50 points in August, indicating an overall pessimistic sentiment. However, the figure turned positive in September and that seems to be the new trend, with analysts saying that presumptions of further monetary easing and policy stimulus are combining with new investor sophistication and an increasing tolerance for risk.
- While Chinese President Xi Jinping is in Britain, he is signing a nuclear power contract worth 240 billion yuan. This will certainly bring confidence to the nuclear power sector. The SIPF survey indicates that over 60% of investors say they will either buy or hold their positions during the next three months.
China stocks rose on Thursday as a strong rally on Wall Street helped calm shaky global markets, prompting Chinese and foreign investors to hunt for bargains after a 20 percent plunge over the past week. The benchmark Shanghai Composite Index jumped 5.34 percent to 3,083.59 …