Shanghai Composite rises as China’s big four banks get boost

The Shanghai Composite jumped to start the week, finishing the day up 1.3%.

State wealth fund Central Huijin increased stakes in China’s Big Four banks last Friday and the government renewed some policies today designed to support capital markets.

Technically, the index has been consolidating since late February but optimism has been slowly building about the strength of the Chinese economy, something that’s been more visible in industrial metals like copper. Overall, China stocks are still trading much weaker than global counterparts and remain far from the 2021 highs.

Fidelity China Special Situations PLC (LON:FCSS), the UK’s largest China Investment Trust, capitalises on Fidelity’s extensive, locally-based analyst team to find attractive opportunities in a market too big to ignore.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Fidelity China Special Situations

More articles like this

Fidelity China Special Situations

China stocks rise as traders brace for a key week

China’s stock markets saw a positive trend on Monday, as traders prepared for an eventful week. With a US election looming, potential changes in interest rates, and a significant policy meeting set to take place in

Fidelity China Special Situations

Modest gains for China’s stock market as tech shares lead

China’s stock market experienced modest gains on Monday, driven primarily by technology shares. This followed Beijing’s announcement of new initiatives aimed at supporting innovative tech companies. Additionally, the country cut its benchmark lending rates, contributing to

Fidelity China Special Situations

Chinese stocks surge amid aggressive stimulus measures

Chinese stocks experienced a remarkable surge, marking their largest single-day gains in 16 years, driven by new stimulus measures from Beijing. The domestic A-shares reached record turnover as investors rushed to capitalise on the ongoing rally.

Fidelity China Special Situations

China’s economic stimulus sparks Asian stock surge

China’s stock market experienced its strongest week since 2008, driving Asian shares to their highest level in two and a half years. This surge was largely attributed to Beijing’s launch of a substantial stimulus package aimed

Fidelity China Special Situations

China’s growing influence in global investment and cooperation

China’s efforts to attract and utilise foreign capital are strengthening, leading to new developments in two-way investment. Amid global challenges and declining cross-border investment, the country has been actively promoting its attractiveness in opening up and

Fidelity China Special Situations

Optimism grows for China’s market recovery

Sumitomo Mitsui DS Asset Management recently expressed confidence that China has passed its most challenging period, despite ongoing concerns in the property sector. The firm believes that Chinese equities now present an attractive investment opportunity, given

Fidelity China Special Situations

Positive developments in Chinese markets as stimulus hopes rise

Speculation around potential new economic policies from Beijing gained momentum on Monday, sparking optimism in the Chinese markets. Reports from China Daily highlighted insights from three economists affiliated with government-backed think tanks, who urged Beijing to

Fidelity China Special Situations

China to enhance reform efforts with new focus

China is set to implement targeted strategies to increase the impact of its ongoing reform initiatives, aiming for significant progress in the future, according to a State Council official. During its third plenary session from July

Fidelity China Special Situations

China stocks see modest gains amid robust import growth

China stocks experienced a modest rise on Wednesday, driven by robust import growth according to the country’s trade data, although gains were tempered by weaker-than-expected export figures. Hong Kong shares also saw an increase. In July,

Fidelity China Special Situations

China’s Politburo endorses long-term economic strategy

China’s Politburo has endorsed the Communist Party’s long-term economic strategy, emphasising increased consumer spending and the elimination of unproductive companies to foster a “survival of the fittest” environment. Following a meeting with the party’s top 24

Fidelity China Special Situations

Investors renew interest in China amid policy shifts

China has faced criticism from investors in recent years as political volatility caused share prices to plummet. Policies perceived as hostile to business under the government’s Common Prosperity strategy led to the MSCI China index dropping