According to rumours, more bao léi is expected.
This post has been edited by icemanfx: Feb 18 2024, 03:20 PM
Buy HK Stock, Buy HK Stock
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 Feb 18 2024, 03:07 PM
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All Stars
21,458 posts Joined: Jul 2012  
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Mar 1 2024, 09:27 AM
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21,458 posts Joined: Jul 2012
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QUOTE(Coconutmaldive1 @ Feb 28 2024, 10:16 AM) The last two week returns for Chinese stocks were driven by ETF buying by China's National Team, as they call it. Prc consumer spending was largely fueled by debts. Construction was 25% of GDP, most were bought to speculate and supply > demand. Except 1st tier cities, most poorperly will likely take a long time to find it's footing.Lets pray this continues for the rest of the year. To boost consumer confidence. Support the population as they wait for the entire property and construction sector to find its footing.  https://www.wsj.com/world/china/whats-wrong...charts-efc2ea5f This post has been edited by icemanfx: Mar 1 2024, 08:46 PM |
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Mar 19 2024, 02:49 PM
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China's securities watchdog has accused a core unit of China Evergrande Group of inflating revenue by nearly $80 billion over two years before the developer defaulted on its debt.
The China Securities Regulatory Commission has imposed a fine of 4.2 billion yuan ($580 million) on core Evergrande unit Hengda Real Estate for inflating revenue in 2019 and 2020 by a total of 564.1 billion yuan, Hengda said in an exchange filing late Monday. https://asia.nikkei.com/Business/Markets/Ch...revenue-by-80bn The tip of iceberg? |
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