Current obstacles that China need to overcome to boost its economy and stock market up (from what I know so far):

1. Zero covid policy - open, close, open, close…when are they going to live with virus?

2. China property crisis - more complex issues on property development mkt;

3. US new restrictions which ban semiconductors equipment suppliers from exporting to China etc…..

4. Frequent regulatory crack down on the China major listed companies such as Alibaba, ten cents etc.
Others please add on…..no sure when is China market going to bullish again.

Current obstacles that China need to overcome to boost its economy and stock market up (from what I know so far):

1. Zero covid policy - open, close, open, close…when are they going to live with virus?

2. China property crisis - more complex issues on property development mkt;

3. US new restrictions which ban semiconductors equipment suppliers from exporting to China etc…..

4. Frequent regulatory crack down on the China major listed companies such as Alibaba, ten cents etc.
Others please add on…..no sure when is China market going to bullish again.

There are more units of poorperly than number of family and population is declining in the next few decades. unless local gomen purposely destroy old buildings, oversupply is here to stay. pboc will likely follow japan policy in 1990's; poorperly price will remain stagnant for decades.

pboc will likely take over backend of alipay, wechat, etc payment system and leave marketing and promotion with tencent and alibaba.

xi wolf warrior foreign policy approach will likely more assertive and confrontational, it is natural for u.s, e.u and japan to make strategic countermove.

cpc couldn't be wrong, zero covid policy will stay for sometime. however, local gomen will lightened or make it symbolical.

most tycoons who became rich in previous regime will need to share a large portion of their wealth with cpc.

Going to leverage on options to buy some hkex stock today.

I expect china will do a look outward push campaign, as they ask their big state and private enterprise to take international market. See will they provide stimulus support for this move or not.

Live news updates: Hong Kong and China stocks drop after Beijing releases late economic data

Hong Kong and Chinese-listed equities dropped sharply on Monday, as the delayed release of the country’s gross domestic product data sent jitters through markets.

The Hang Seng index dropped as much as 4.7 per cent in morning trading, while the CSI 300 index of Shanghai and Shenzhen-listed equities fell as much as 1.9 per cent.

The declines followed the unscheduled release of China’s GDP figures and other economic data, which beat expectations with an expansion of 3.9 per cent but still registered far slower growth than the country has become used to in recent decades.

Jitters were intensified by the delay in releasing the data, which was originally scheduled for last Tuesday. The figures were released with little warning after China’s landmark 20th party conference, at which leader Xi Jinping secured a precedent-breaking third term in the country’s most important political roles.

Xi showed little willingness to change tack from his strict zero-Covid policy during the conference. The policy, which seeks to eliminate cases of the virus with strict lockdowns, has hammered China’s growth prospects this year.

In markets elsewhere, Japan’s Topix rose 0.8 per cent and South Korea’s Kospi added 1.3 per cent. Those moves followed sharp increases in the US on Friday, where the S&P 500 and Nasdaq Composite both gained more than 2 per cent after a report that the Federal Reserve might slow the pace of its interest rate rises from December.

Oil prices rose, with Brent crude, the international benchmark up 0.3 per cent to trade at $93.81 per barrel and US marker West Texas Intermediate adding 0.4 per cent to hit $85.39.

Forummers,... let's discuss,...

First reported at 4.37 pm this evening by CNBC and subsequently updated within the same evening : https://www.cnbc.com/2019/09/04/hong-kong-e...-wednesday.html

The HSI soared by 4% in the afternoon following reports that a controversial extradition bill was set to be withdrawn. By mkt close, the HSI pared some gains to close at 26,523.23 points today giving-up 0.1% from the height of 4%.

On a personal basis for the counter that I'm watching,....

1) HSBC (0005.HK) rose by 3.5%, closed at 57.900 today. Opened at 56.000 this morning.
2) PCCW (0008.HK) rose by 0.7%, closed at 4.300 today,... but this counter opened at 4.300 this morning, hence, there was no real movement if we look solely at today's performance.
3) Public Finance Hldgs (0626.HK) rose by 1.7%, closed at 3.030 today. Opened at 3.010 this morning.

How about other counters, bros and sis ?

Today another round of riot.

BABA and Tencent down 5-6%, unprofitable ones down even more at 7 to 10%. Defensive assets went up.

I think a tunraround for hkex is in sight.

Suddenly so many announcement from chinese regulatory bodies throughout the whole week.

China watchers seemed to be of the idea that the government is now focus on back to business after consolidating their powers recently.