Hong Kong stocks and shares, steady!

Yang Ma’s we chat public account published an article.

The Financial Stability and Development Commission of The State Council held a special meeting to study the current economic situation and capital market issues. Liu He, member of the Political Bureau of the CPC Central Committee, Vice Premier of The State Council and head of the Financial Commission, presided over the meeting, which was attended by leading officials from relevant departments.

“The meeting looked at relevant issues. With regard to macroeconomic performance, we must implement the decisions and arrangements made by the CPC Central Committee and effectively invigorate the economy in the first quarter. The monetary policy should take a proactive response and new loans should maintain an appropriate increase. As for real estate enterprises, we should timely study and put forward effective countermeasures to prevent and defuse risks, and put forward supporting measures to transform to a new development model.”


Next, I will first list the original text, and then interpret and explain.

“With regard to China Concept stocks, the regulatory agencies of China and the United States have maintained good communication, made positive progress, and are working on a concrete cooperation plan. “The Chinese government continues to support overseas listings of various companies.”

Over the past year, China Concept stocks listed in the United States have been mixed and doubled by the financial regulatory authorities of both China and the United States, and this paragraph means that China’s heavy-handed regulation has basically ended. We have also communicated with the financial regulatory authorities of the United States. As for the delisting of China Concept stocks, you should not worry too much about companies that are doing well. In addition, we also support domestic enterprises to go public abroad. Such listing has brought vitality to the domestic economy and the development and operation of enterprises. We recognize this.

“With regard to the economic governance of platforms, relevant departments should improve the existing plans in accordance with the principles of marketization, law-based and internationalization, adhere to the principle of seeking progress while maintaining stability, prudently push forward and complete the rectification work of large platform companies as soon as possible through standardized, transparent and predictable supervision, and set the red and green lights to promote the steady and healthy development of the platform economy and improve the international competitiveness.”

With Alabama, Ten cent, Methuen and other Internet platforms monopoly issues, people do not have to worry too much. All these things have become part of China’s infrastructure and a reflection of China’s international competitiveness. Through good regulation, we want to set rules about what they can do and what they can’t do, so that they can better serve the people. We don’t want to ban them or suppress them.

“On the stability of Hong Kong’s financial market, regulators from the mainland and Hong Kong should strengthen communication and coordination.”

Hong Kong stock assets have been abandoned by overseas investors, many of whom are large and medium-sized enterprises in the mainland. Going forward, we will work with the Hong Kong regulatory authorities to strengthen communication and prevent unexpected fluctuations in Hong Kong stock markets.

“Relevant departments should earnestly assume their responsibilities, actively introduce market-friendly policies and prudently introduce contractionary policies.”

China’s monetary tightening policy has come to a complete halt and will be dominated by loose monetary policy in the near future. Everyone should not be alarmed. Both the government and the central government will do their best to stabilize growth.

The stock market, so much for now

In addition, after the sharp fall in the previous two days, the CSI 300 equity risk premium has exceeded 6%, which is close to the level of the end of 2018 and March 2020, which means that China’s A-share assets are worth deep allocation.

Next, we don’t know if there will be a small decline, will not be an immediate surge, but we can be pretty sure that the stock market should stabilize.


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