Loss of net new loans data impacts Chinese stock investors' ability to gauge market sentiment

From Google: 2024-08-17 20:00:00

Chinese stock investors have lost a vital tool to measure market sentiment as the People’s Bank of China says it will no longer provide data on net new loans. This comes as the Chinese economy faces challenges from slowing growth and the US-China trade war.

Net new loans data has been a key indicator for Chinese stock investors to gauge sentiment and predict market movements. With this data no longer available, investors will have to rely on other metrics to assess the health of the Chinese economy and stock market.

The decision to stop providing net new loans data comes as the Chinese government looks to exert more control over the flow of credit in the economy. This move could impact investor confidence and lead to more volatility in the Chinese stock market.

Investors will now have to find alternative ways to assess market sentiment and predict stock movements in China. This lack of transparency could make it more difficult for investors to make informed decisions about where to put their money in the Chinese stock market.



Read more at Google: Chinese Stock Investors Lose a Key Indicator to Gauge Sentiment – Bloomberg