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
