Saturday, June 7, 2025
No Result
View All Result
newshub
  • Global news
  • Financial insights
    • Africa
    • Asia
    • Australia
    • Central Banks
    • China
    • Commodities
    • Europe
    • Banking
    • Corporate
    • Neobanking
    • Investment
    • Japan
    • South East Asia
    • Stock of the week
    • UK
    • US
  • Fin & tech
    • AI
    • Blockchain
    • Crypto
    • MSTRpay
    • Tech
  • Climate & energy
    • Climate
    • Carbon
    • Coal
    • Disruptive
    • Gas
    • Nuclear
    • Oil
    • Solar
    • Water
    • Waves
    • Wind
    • Renewable
    • South America
  • Lifestyle
    • Best chefs
    • Cocktail of the week
    • History
    • Influential women
  • WEX
    • Alt Kap Holding AB
    • Digital Network Holding, Inc.
    • Fantas-E AB
    • International Clean Energy Inc.
    • Intritum Partner Limited
    • Intritum Recycling GH Limited
    • MSTRpay AB
    • SWAP Services, Inc.
    • VMT Holding, Inc.
    • Universal Streaming Technologies – USTA
    • TC Unterhaltungselektronik AG
  • Global news
  • Financial insights
    • Africa
    • Asia
    • Australia
    • Central Banks
    • China
    • Commodities
    • Europe
    • Banking
    • Corporate
    • Neobanking
    • Investment
    • Japan
    • South East Asia
    • Stock of the week
    • UK
    • US
  • Fin & tech
    • AI
    • Blockchain
    • Crypto
    • MSTRpay
    • Tech
  • Climate & energy
    • Climate
    • Carbon
    • Coal
    • Disruptive
    • Gas
    • Nuclear
    • Oil
    • Solar
    • Water
    • Waves
    • Wind
    • Renewable
    • South America
  • Lifestyle
    • Best chefs
    • Cocktail of the week
    • History
    • Influential women
  • WEX
    • Alt Kap Holding AB
    • Digital Network Holding, Inc.
    • Fantas-E AB
    • International Clean Energy Inc.
    • Intritum Partner Limited
    • Intritum Recycling GH Limited
    • MSTRpay AB
    • SWAP Services, Inc.
    • VMT Holding, Inc.
    • Universal Streaming Technologies – USTA
    • TC Unterhaltungselektronik AG
No Result
View All Result
newshub
No Result
View All Result
ADVERTISEMENT

Here’s what we know about the rebound in Chinese stocks this week

2022/11/04/10:55
in China, Financial insights
Reading Time: 3 mins read
240 12
A A
Here’s what we know about the rebound in Chinese stocks this week
MSTRpay MSTRpay MSTRpay
ADVERTISEMENT

The Shanghai composite gained 5% during the week, while the Hang Seng Index notched gains of well over 8%, bouncing back from 13-year lows hit in the last two weeks.

“The rally that we saw this morning was primarily triggered by the hope for reopening to happen earlier than expected,” Zhiwei Zhang, president and chief economist at Pinpoint Asset Management, said Friday on CNBC’s “Capital Connection.”

The Chinese government has yet to announce any official policy change. Covid-related restrictions on travel, regular virus testing requirements and other measures generally remained just as tight.

 Chinese stocks rallied this week as investors hoped Beijing would soon relax its stringent Covid policy.

The Shanghai composite gained 5% during the week. The Hang Seng Index notched weekly gains of well over 8%, bouncing back from 13-year lows hit in the last two weeks.

The Chinese government has yet to announce any official policy change. Covid-related restrictions on travel, regular virus testing requirements and other measures generally remained just as tight.

However, the stock rally that accelerated Friday followed multiple unconfirmed rumours of a coming Covid policy change.

“The rally that we saw this morning was primarily triggered by the hope for reopening to happen earlier than expected,” Zhiwei Zhang, president and chief economist at Pinpoint Asset Management, said Friday on CNBC’s “Capital Connection.”

Zhang pointed to a closed-door speech Friday morning by a chief scientist at the Chinese Center for Disease Control and Prevention that suggested a transition away from the zero-Covid policy could happen soon.

CNBC was unable to verify comments made in the speech. The disease control centre and National Health Commission did not immediately respond to a request for comment.

Chinese financial media Cailian Press reported that officials would hold a press conference Saturday afternoon at the National Health Commission building on virus control and prevention measures.

The controls and continued Covid outbreaks have remained a drag on China’s economy, which grew by just 3% in the first three quarters of the year from a year ago. Economists have cut their forecasts for growth next year on expectations the restrictions persist, while the rest of the world has shifted to a “live with Covid” approach.

On Monday, mainland China did mark the end of a period of heightened Covid restrictions due to the Mid-Autumn Festival in September, the National Holiday in early October and the ruling Chinese Communist Party’s 20th National Congress in late October.

This week, some official descriptions of Covid included notable mentions of how the virus was “self-limiting” and controllable.

However, China’s Communist Party newspaper People’s Daily maintained that isolation was still necessary.

The National Health Commission also affirmed its adherence to what’s officially called the dynamic zero-Covid policy.

No details on any timing

“The clearest signal has been given. In the near term, China will stick to its unbending commitment and zero-tolerance approach, pursuing a zero-Covid position as one of the world’s strictest virus elimination policies,” said Bruce Pang, chief economist and head of research for Greater China at JLL.

“But in the long run, China is expected to continue to make its Covid response more scientific and targeted, leading to more softened policy stance, flexible measures and gradually loose[r] restrictions,” he said.

Pang doesn’t expect the policy to be dropped until the end of June 2023 at the earliest.

This week’s market rumours have not provided new specifics on the timing of any changes.

Pinpoint’s Zhang added that also helping Friday’s stock rally was a midday Bloomberg report, citing sources, that indicated U.S.-listed Chinese stocks such as Alibaba could stay listed on U.S. exchanges.

The China Securities Regulatory Commission, Ministry of Finance and U.S. Public Company Accounting Oversight Board did not immediately respond to CNBC requests for comment.

Source: CNBC

Related Posts

5 of today’s most read: Global markets in chaos as tariff war explodes
Financial insights

Global markets closed mixed as US jobs data and trade tensions shape sentiment

by newshub
4 hours ago

On Friday, 6 June 2025, global stock markets closed with mixed results, driven by a combination of a stronger-than-expected US...

Read moreDetails
European markets open cautiously amid global optimism

European markets edge lower after ECB rate cut and political shocks

1 day ago
Auto DUS – Falling stocks, climbing mortgage rates: how 5% Treasury yields could roil marketsraft

Markets await jobs data as Asia mixed and ECB hints at pause

1 day ago
EU-UK relations: Council greenlights extension of current rules of origin for electric vehicles until the end of 2026

Markets steady as Europe opens quietly and Wall Street braces for tech data

2 days ago
Asian shares fall as China protests, lockdowns cloud outlook

Asia mixed as Europe awaits ECB, US eyes data

2 days ago
Wall Street selloff caps brutal week for markets as Trump tariffs rattle investors

Wall Street hesitates as jobs data disappoint and trade tensions rise

3 days ago
No Result
View All Result

Recent Posts

  • Dior appoints Jonathan Anderson as sole Creative Director in bold creative shift
  • Vasyl Malyuk: The ‘Bulldog’ behind Ukraine’s Spiderweb strikes on Russian airfields
  • ‘Full porting Bitcoin’ could be Musk’s Trump card in escalating feud
  • Giant ‘doomsday’ oarfish washes up on Tasmania’s remote west coast
  • Carney invites Modi to G7 amid unresolved tensions over Sikh activist’s killing

Recent Comments

    Archives

    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022

    Categories

    • Africa
    • AI
    • An diesem Tag
    • Asia
    • Australia
    • Banking
    • Best chefs
    • Biden
    • Blockchain
    • Blockchain technology
    • Carbon
    • Central Banks
    • China
    • Climate
    • Climate & Energy
    • Coal
    • Cocktail of the week
    • Commodities
    • Corporate
    • Crypto
    • Deutsch
    • Deutsch PR
    • English PR
    • Europe
    • Financial insights
    • Focus on neobanking
    • Gas
    • Global news
    • Harris
    • History
    • India
    • Influential women
    • Invest and Rest
    • Italiano PR
    • Japan
    • Lifestyle
    • Metaverse
    • MSTRpay
    • Neobanking
    • News
    • newshub special
    • newshub-special
    • NFT
    • Nobel Prizes 2024
    • Nuclear
    • Oil
    • Press
    • Press releases
    • Pressroom
    • Renewable
    • Russia
    • Solar
    • South America
    • South East Asia
    • Stock of the week
    • Stocks
    • Svensk PR
    • Tech
    • Trump
    • Trump trials
    • UFO
    • UK
    • UK News
    • Ukraine
    • US
    • US politics
    • Waves
    • WEX
    • Wind

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Recent Posts

    • Dior appoints Jonathan Anderson as sole Creative Director in bold creative shift
    • Vasyl Malyuk: The ‘Bulldog’ behind Ukraine’s Spiderweb strikes on Russian airfields
    • ‘Full porting Bitcoin’ could be Musk’s Trump card in escalating feud
    • Giant ‘doomsday’ oarfish washes up on Tasmania’s remote west coast
    • Carney invites Modi to G7 amid unresolved tensions over Sikh activist’s killing

    Categories

    • Africa
    • AI
    • An diesem Tag
    • Asia
    • Australia
    • Banking
    • Best chefs
    • Biden
    • Blockchain
    • Blockchain technology
    • Carbon
    • Central Banks
    • China
    • Climate
    • Climate & Energy
    • Coal
    • Cocktail of the week
    • Commodities
    • Corporate
    • Crypto
    • Deutsch
    • Deutsch PR
    • English PR
    • Europe
    • Financial insights
    • Focus on neobanking
    • Gas
    • Global news
    • Harris
    • History
    • India
    • Influential women
    • Invest and Rest
    • Italiano PR
    • Japan
    • Lifestyle
    • Metaverse
    • MSTRpay
    • Neobanking
    • News
    • newshub special
    • newshub-special
    • NFT
    • Nobel Prizes 2024
    • Nuclear
    • Oil
    • Press
    • Press releases
    • Pressroom
    • Renewable
    • Russia
    • Solar
    • South America
    • South East Asia
    • Stock of the week
    • Stocks
    • Svensk PR
    • Tech
    • Trump
    • Trump trials
    • UFO
    • UK
    • UK News
    • Ukraine
    • US
    • US politics
    • Waves
    • WEX
    • Wind

    Archives

    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    newshub

    © 2023-2025
    MSTRpay & PAXIT
    Legal & Disclosure

    • Global news
    • Financial insights
    • Fin & tech
    • Climate & energy
    • Lifestyle
    • WEX

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Global news
    • Financial insights
      • Africa
      • Asia
      • Australia
      • Central Banks
      • China
      • Commodities
      • Europe
      • Banking
      • Corporate
      • Neobanking
      • Investment
      • Japan
      • South East Asia
      • Stock of the week
      • UK
      • US
    • Fin & tech
      • AI
      • Blockchain
      • Crypto
      • MSTRpay
      • Tech
    • Climate & energy
      • Climate
      • Carbon
      • Coal
      • Disruptive
      • Gas
      • Nuclear
      • Oil
      • Solar
      • Water
      • Waves
      • Wind
      • Renewable
      • South America
    • Lifestyle
      • Best chefs
      • Cocktail of the week
      • History
      • Influential women
    • WEX
      • Alt Kap Holding AB
      • Digital Network Holding, Inc.
      • Fantas-E AB
      • International Clean Energy Inc.
      • Intritum Partner Limited
      • Intritum Recycling GH Limited
      • MSTRpay AB
      • SWAP Services, Inc.
      • VMT Holding, Inc.
      • Universal Streaming Technologies – USTA
      • TC Unterhaltungselektronik AG

    © 2023-2025
    MSTRpay & PAXIT
    Legal & Disclosure