From NZ Herald:

China’s CSI 300 index has surged 14% since hitting a five-year low last month. The new head of the China Securities Regulatory Commission, Wu Qing, adopted a forceful approach, leading to gains in the index. Foreign investors remain cautious, awaiting more stimulus from China amid concerns over slowing growth.

State-run institutions and the CSRC’s actions have boosted Chinese markets, with net inflows through Hong Kong rising. International mutual funds still underweight China, despite state intervention. Analysts believe hitting growth targets and aggressive policy easing are crucial for stock market stability. Concerns over US interest rate cuts affecting China’s stimulus plans persist.

Domestic investors favor renminbi-denominated government bonds, leading to lower yields. Authorities are focused on protecting small investors and implementing stricter measures against quantitative trading houses. However, experts caution against broad rules targeting specific investor groups. Market sentiment remains cautious despite recent gains in Chinese stocks.



Read more at NZ Herald: Beijing’s ‘broker butcher’ sparks state-driven stock rally