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MNI: China Stocks Need Covid Clarity, Business Friendly Policy

MNI (Singapore)
MNI (Beijing)

China’s new leadership needs to restore confidence before foreign investors return to A-shares, said advisers and analysts.

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China’s new leadership team should provide greater clarity on the role of private enterprise and relax Covid measures to restore confidence in Chinese stocks and curb the capital outflows that recently pushed shares to multi-year lows, advisers and analysts said.

Growing expectations of a relaxation of China’s Covid policies have powered a modest rally in A-shares, and the recent heavy bout of selling led by overseas investors is near the end, said Zhao Jian, head of the Atlantis Research Institute. He believes strict Covid controls, a big bugbear for investors, seem to be approaching a turning point.

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China’s new leadership team should provide greater clarity on the role of private enterprise and relax Covid measures to restore confidence in Chinese stocks and curb the capital outflows that recently pushed shares to multi-year lows, advisers and analysts said.

Growing expectations of a relaxation of China’s Covid policies have powered a modest rally in A-shares, and the recent heavy bout of selling led by overseas investors is near the end, said Zhao Jian, head of the Atlantis Research Institute. He believes strict Covid controls, a big bugbear for investors, seem to be approaching a turning point.

Keep reading...Show less