China’s NPC meeting key to galvanise US$4 trillion market rally
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Investors are anticipating China's National People's Congress (NPC) meeting from November 4 to 8, 2024, expecting fiscal support to boost the economy and sustain a US$4 trillion stock rally; stock benchmarks in China and Hong Kong have risen over 20% since late September; analysts suggest a fiscal stimulus of at least 2 trillion yuan (US$280 billion) is needed; Goldman Sachs predicts up to 2 trillion yuan in bond issuances for bank recapitalization and 6 trillion yuan for local government debt; the market's future depends on the magnitude of fiscal policies and corporate earnings recovery.
#China #Npc #StockMarket #FiscalStimulus #Investment #Economy #HongKong #Bonds #Debt #GoldmanSachs
https://www.scmp.com/business/china-business/article/3284337/investors-await-chinas-npc-meeting-catalysts-sustain-us4-trillion-stock-rally?module=Markets&pgtype=section
South China Morning Post /
npub1x2…knuvq
2024-10-29 23:55:42
Author Public Key
npub1x2q0x7w5tqx0x3j9tdvkvqmetarpr8axhpjq7qw5xxrcysdwtrzssknuvqPublished at
2024-10-29 23:55:42Event JSON
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"content": "China’s NPC meeting key to galvanise US$4 trillion market rally\n==========\n\nInvestors are anticipating China's National People's Congress (NPC) meeting from November 4 to 8, 2024, expecting fiscal support to boost the economy and sustain a US$4 trillion stock rally; stock benchmarks in China and Hong Kong have risen over 20% since late September; analysts suggest a fiscal stimulus of at least 2 trillion yuan (US$280 billion) is needed; Goldman Sachs predicts up to 2 trillion yuan in bond issuances for bank recapitalization and 6 trillion yuan for local government debt; the market's future depends on the magnitude of fiscal policies and corporate earnings recovery.\n\n#China #Npc #StockMarket #FiscalStimulus #Investment #Economy #HongKong #Bonds #Debt #GoldmanSachs\n\nhttps://www.scmp.com/business/china-business/article/3284337/investors-await-chinas-npc-meeting-catalysts-sustain-us4-trillion-stock-rally?module=Markets\u0026pgtype=section",
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