International financial institutions are buzzing with optimism about China's stock market. Following a recent meeting of the Political Bureau of the Communist Party of China Central Committee focused on economic work, efforts to boost the capital market are gaining traction.
The People's Bank of China has also rolled out a series of major monetary policy adjustments last week, further fueling investor confidence. Shayne Elliot, CEO of ANZ Group Holdings, dismissed fears of China becoming a less attractive investment destination, calling them \"massively overblown.\"
David Tepper, founder and president of Appaloosa Management, shared his enthusiasm in an interview with CNBC, stating that China's central bank has \"exceeded expectations\" with recent policy moves. Tepper isn't holding back, saying he's ready to buy \"everything\" in China, highlighting the positive ripple effects on bonds, currencies, and stocks.
Echoing this bullish sentiment, Stephen Jen, CEO of Eurizon SLJ Capital, believes Chinese equities are extremely undervalued. In a report to clients, Jen forecasted that a \"serious rally\" in Chinese stocks is \"entirely possible.\"
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