2023-10-15 10:12:28
Xu Xiang’s wife Ying Ying: Huijin’s increase in holdings in the four major banks has restored confidence, U.S. bond interest rates have peaked and the domestic economy has recovered, A-shares will rebound
Financial World 2023-10-15 18:12:28
Xu Xiang’s wife Ying Ying issued a statement saying that this week, the four major banks of China Construction Industry and Agriculture, Industry and Agriculture, China Construction Bank announced that Huijin had increased its holdings of A-shares in the four major banks through the secondary market, and said it would continue to increase its holdings in the next six months. This move Boosted market confidence.
In October, the U.S. bond interest rate rose to 4.9%, a new high since 2007. The combined Palestine-Israel conflict triggered a decline in market risk appetite, causing foreign capital to continue to flow out of the A-share market. This does not change the judgment that U.S. bond interest rates have peaked. The manufacturing PMI returned to above 50 once more in September, and the construction PMI also improved month-on-month, indicating that the economy is recovering.
To sum up, with Huijin increasing its holdings to restore confidence under the central government’s policies, U.S. bond interest rates peaking and the domestic economy recovering, A-shares will rebound.
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