China has reduced another key rate! This is consistent with what I have analysed and predicted in my youtube video after I have reviewed a PBOC's report over 50 pages in Chinese.
This is the youtube video:
https://youtu.be/cGJ3mxAd39I
This is not surprising for me at all given that I have analysed it. Do subscribe to my youtube channel if you like good analysis.
Naturally, Hong Kong markets went up with much excitement this morning. The risk again pertains to whether another 8%, if any, in the US equities broad market may bring down Hang Seng indexes.
China has indeed done well in anticipation of the rate reduction. I do expect China's PBOC to adopt a more proactive policy in 2022!
Its incredible that Haidilao and Anta Sports can surge over 6%, respectively today! Even CG Services is up by more than 10% today!!! I am staying out of Haidilao. As for Anta Sports, I am not keen to acquire such sports apparel company with over 30 times PE. Yes, Li Ning is trading at even higher multiple but I am not keen to "chase" such companies with such high multiples.
As always, this should not be construed as any investment or trading advice.
$Alibaba(09988)$$Alibaba(BABA)$$TENCENT(00700)$$XIAOMI-W(01810)$$EVERGRANDE(03333)$
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