Sinocism

Sinocism

Share this post

Sinocism
Sinocism
A-share rollercoaster amid muddled policy signaling; Signs of life in real estate; President Lai's National Day speech; Zheng Yongnian on World War III
Copy link
Facebook
Email
Notes
More

A-share rollercoaster amid muddled policy signaling; Signs of life in real estate; President Lai's National Day speech; Zheng Yongnian on World War III

Bill Bishop
Oct 10, 2024
∙ Paid
11

Share this post

Sinocism
Sinocism
A-share rollercoaster amid muddled policy signaling; Signs of life in real estate; President Lai's National Day speech; Zheng Yongnian on World War III
Copy link
Facebook
Email
Notes
More
6
2
Share

Summary of today’s top items:

1. Punters await stronger policy signals - The PRC markets dumped Wednesday, though the announcement of a press conference Saturday with the Minister of Finance, to discuss "strengthening the counter-cyclical adjustment of fiscal policy and promoting high-quality economic development” raised hopes again of a larger stimulus.

However, holding it on a Saturday, when the market is closed, is an interesting move. Perhaps the State Council and MoF are worried about an NDRC-like stinker of a presser that disappoints, and so do not want to have to take any responsibility for crashing the market while it is open, or perhaps senior officials have realized that holding these pressers that are the focus of so much expectation while the markets are open is a bad idea?

There was a report that the Sichuan Provincial Government held an expanded meeting that mentioned planning for upcoming larger-scale ultra-long-term special government bonds and the early allocation of ne…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Sinocism LLC
Publisher Terms
Substack
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More