The Outlook Ahead -Market Watch Live

Market Watch Live: China's Stimulus Blitz

02 October 2024 • 1:00 pm (SGT)
China’s markets have recently been boosted by a stimulus blitz from policymakers. In contrast to its piecemeal policy approach earlier, China’s latest coordinated approach - including rate cuts and measures to support the property and equity markets so far – is a positive surprise for investors, which has set off a surge in Hong Kong and China equities and CNY appreciation. Moreover, at the time of writing, it has been reported in media that authorities plan to inject RMB 1tr into state banks. At the latest Politburo meeting in September, China’s policymakers have also promised to implement further fiscal easing and support for the property market. This dramatic shift in tone, suggestive of a “whatever it takes” moment, is much needed given China’s challenging macroeconomic data, weak property sector and flagging consumer confidence. However, are these developments enough to create a decisive turn in confidence and a sustainable rally? What are the opportunities and risks in China for investors? 
02 October 2024
1:00pm (SGT)

Related events

Was this page useful?