Anything below 7 can accumulate because 30% upswing to ATH

Another new low again can top up soon

Will be even cheaper come Oct

Coupled with currency at the moment still not yet a sign to buy

Come Oct the signs will be clearer to pounce on the market again

Currently VIE will not be affected but with more tighter regulation and scrutiny especially when selling it off in bulk

We will only know when CCP announce its new 5 year policy publicly come Oct then you will see better clear roads ahead because Xi is up for extension next year by party delegates

On currency wise a lot of bullishness is gone because a lot FX strategist were predicting to fell at 6.20 but currently we are at 6.60 range and currently DXY trading at 93 range

I would wait until taper announcement latest by Sept as the flight for bullish camp will head on buying China, HK, AUD, NZD, EM and Asia markets in general

The current game CCP is actually after taxes from the gains of Tech sector which are mostly tied to low tax haven holdings

Locally we got an example which is Mr Diy does the same structure whereby the holdings are all actually in trust in BVI

Next year party congress will not have much impact to markets because it is only to rubber stamp Xi for President for life unless CCP deciding to remove him which 99% unlikely unless COVID21 goes south in China

Baba on the other hand 52 week low this morning

It is easy to load on Apple just that whether to hold long term

Last week was good time to load up a bit of ARKK

Anything with 158 Alibaba will for sure start doing buybacks and tonnes of queue of orders waiting to buy in

How much can they tame when bailing out is mostly by the property friends?

Evergrande is the best example now

Will be interesting to see whether Evergrande EV on firesale

On optimism to reduce tension

But the nature of the call is more than what you think

It is related because to reduce tensions, optimism because it is slow news week

What rumours long time already as CCP has said to divest and spin off from Alibaba

Nothing new as there’s thousands of companies who have spun off worldwide just that’s China haven’t embrace the model yet plus China so called investors panicked too quick

Oversold but can you see the support level?

It is up to CCP hands whether they can kill FDIs pouring in and forced nationalisation then

Just VCA and lock in profits when the time is right

Nah only the certain bonds will failed while the rest will be forced sale to be picked up by CCP cronies themselves

Those with China Bonds exposure can say bye bye to expected payouts

Expected till October these headwinds hence just hodl only

Wait for tomorrow big surprise coming

Did you forget about Huarong as well?

Because they will pickup any insured losses created by the bond issuers

Lower than that is possible as I know some have bought shorts until 18k which was pre pandemic range

Just reassurance only offshore debt due on sept 29 is the bigger story wait for next week as they’ve are still scrambling for the current onshore debt

Anything now is so cheap for them to do buybacks coupled with the cash that are sitting doing nothing