China's Shanghai Composite Index (SSE) is on a roll, marking its seventh straight day of gains and closing just shy of the key 3,000-point mark. Investors are buzzing as regulators double down on market-boosting measures and global players eye “once-in-a-lifetime” opportunities.
The index rose 1.27% to 2,988.36 points Thursday, fueled by policy support like suspended securities lending and mergers encouraged by the China Securities Regulatory Commission (CSRC). Experts say short-term confidence-building and long-term reforms are key.
“Improving investment returns is critical to winning back trust,” said Tsinghua University's Tian Xuan, while Renmin University's Wu Xiaoqiu stressed the need for “vigorous institutional reforms.”
U.S. asset managers like KraneShares’ CEO Jonathan Krane are betting big, calling China’s current valuations a golden opportunity. Meanwhile, unexpected mortgage rate cuts this week added fuel to the rally.
Novem Arcae’s Chen Jiahe suggests targeted fiscal tools could fine-tune growth: “Direct support to specific industries could be a game-changer.” With optimism building, all eyes are on that 3,000-point milestone!
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Shanghai Composite Index rise for a 7th day, nearing 3000 points
cgtn.com