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JT2021
2024-09-29

Is this article an egg that pretends to be a chicken, or a chicken that pretends to be an egg?

China stimulus wasn't enough to convince retail investors to buy Chinese stocks

Instead, retail traders were motivated to take profits. This week, the Chinese government unveiled a slew of stimulus measures to boost its economy and get national GDP to an annual growth target of 5%. Chinese markets loved the news, with the CSI 300 index XX:000300 jumping 4.3% and Hang Seng HK:HSI gaining 4.1% on Tuesday and then continuing those gains throughout the week.Yet despite all the fervor, retail investors weren't convinced to buy in.Data from Vanda Research showed that retail investors' appetite for Chinese ETFs and ADRs remained at muted levels, much lower than in 2020 and 2021."Do not count on retail traders to get behind China's latest efforts to prop up their stock market. After getting burned repeatedly since 2021, retail appetite for Chinese equity ETFs and ADRs has fallen into deep bear market," Marco Iachini, senior vice president of research, and Lucas Mantle, vice president of data science, wrote in a Vanda Research note.Still, these gains resulted in more retai

China stimulus wasn't enough to convince retail investors to buy Chinese stocks

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This week, the Chinese government unveiled a slew of stimulus measures to boost its economy and get national GDP to an annual growth target of 5%. Chinese markets loved the news, with the CSI 300 index XX:000300 jumping 4.3% and Hang Seng HK:HSI gaining 4.1% on Tuesday and then continuing those gains throughout the week.Yet despite all the fervor, retail investors weren't convinced to buy in.Data from Vanda Research showed that retail investors' appetite for Chinese ETFs and ADRs remained at muted levels, much lower than in 2020 and 2021.\"Do not count on retail traders to get behind China's latest efforts to prop up their stock market. After getting burned repeatedly since 2021, retail appetite for Chinese equity ETFs and ADRs has fallen into deep bear market,\" Marco Iachini, senior vice president of research, and Lucas Mantle, vice president of data science, wrote in a Vanda Research note.Still, these gains resulted in more retai","content":"\n\nMW China stimulus wasn't enough to convince retail investors to buy Chinese stocks\n\n\n By Gordon Gottsegen \n\n\n Instead, retail traders were motivated to take profits \n\n\n This week, the Chinese government unveiled a slew of stimulus measures to boost its economy and get national GDP to an annual growth target of 5%. Chinese markets loved the news, with the CSI 300 index XX:000300 jumping 4.3% and Hang Seng HK:HSI gaining 4.1% on Tuesday and then continuing those gains throughout the week. \n\n\n Yet despite all the fervor, retail investors weren't convinced to buy in. \n\n\n Data from Vanda Research showed that retail investors' appetite for Chinese ETFs and ADRs remained at muted levels, much lower than in 2020 and 2021. \n\n\n \"Do not count on retail traders to get behind China's latest efforts to prop up their stock market. After getting burned repeatedly since 2021, retail appetite for Chinese equity ETFs and ADRs has fallen into deep bear market,\" Marco Iachini, senior vice president of research, and Lucas Mantle, vice president of data science, wrote in a Vanda Research note. \n\n\n This comes at a time when Chinese market-tracking ETFs like <a href=\"https://laohu8.com/S/EEMA\">iShares</a> China Large-Cap ETF FXI and iShares MSCI China ETF MCHI are on track to achieve their best weekly performance on record, at 18.9% and 19.8% gains respectively, according to preliminary data on Friday from Dow Jones Market Data. Many Chinese ADRs like Alibaba <a href=\"https://laohu8.com/S/BABA\">$(BABA)$</a>, Baidu <a href=\"https://laohu8.com/S/BIDU\">$(BIDU)$</a> and JD.com <a href=\"https://laohu8.com/S/JD\">$(JD)$</a> were having their best week in at least a year. \n\n\n Still, these gains resulted in more retail investors taking profits rather than increasing their positions. \n\n\n \"Zooming in, the second chart shows how mom-and-pop traders have taken the opportunity from the most recent surge in prices to sell out of China names,\" Vanda wrote. \n\n\n Vanda said it's up to institutional investors to sustain the momentum of these Chinese stocks. \n\n\n On the other hand, Goldman Sachs said that fear of missing out could motivate more investors to pile in after the initial rally. \n\n\n \"I really think this time is different for Chinese equities,\" Goldman Sachs technical strategist Scott Rubner wrote in a note. \n\n\n If that's the case, it has yet to be seen. Still, the effects of the Chinese stimulus could add wind to the sails of Chinese corporate earnings, which could boost stock performance. It may be worth it for investors to pay attention to this or keep an eye on Chinese ETFs. \n\n\n Also read: China ETFs set for best week on record after Beijing fires policy 'bazooka' to boost economy. Is it time to jump in? \n\n\n -Gordon Gottsegen \n\n\n This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n<pre>\n \n</pre>\n\n (END) Dow Jones Newswires\n\n\n September 27, 2024 11:26 ET (15:26 GMT)\n\n\n Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n\n","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China stimulus wasn't enough to convince retail investors to buy Chinese stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina stimulus wasn't enough to convince retail investors to buy Chinese stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nDow Jones \n2024-09-27 23:26\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n\n\nMW China stimulus wasn't enough to convince retail investors to buy Chinese stocks\n\n\n By Gordon Gottsegen \n\n\n Instead, retail traders were motivated to take profits \n\n\n This week, the Chinese government unveiled a slew of stimulus measures to boost its economy and get national GDP to an annual growth target of 5%. Chinese markets loved the news, with the CSI 300 index XX:000300 jumping 4.3% and Hang Seng HK:HSI gaining 4.1% on Tuesday and then continuing those gains throughout the week. \n\n\n Yet despite all the fervor, retail investors weren't convinced to buy in. \n\n\n Data from Vanda Research showed that retail investors' appetite for Chinese ETFs and ADRs remained at muted levels, much lower than in 2020 and 2021. \n\n\n \"Do not count on retail traders to get behind China's latest efforts to prop up their stock market. After getting burned repeatedly since 2021, retail appetite for Chinese equity ETFs and ADRs has fallen into deep bear market,\" Marco Iachini, senior vice president of research, and Lucas Mantle, vice president of data science, wrote in a Vanda Research note. \n\n\n This comes at a time when Chinese market-tracking ETFs like <a href=\"https://laohu8.com/S/EEMA\">iShares</a> China Large-Cap ETF FXI and iShares MSCI China ETF MCHI are on track to achieve their best weekly performance on record, at 18.9% and 19.8% gains respectively, according to preliminary data on Friday from Dow Jones Market Data. Many Chinese ADRs like Alibaba <a href=\"https://laohu8.com/S/BABA\">$(BABA)$</a>, Baidu <a href=\"https://laohu8.com/S/BIDU\">$(BIDU)$</a> and JD.com <a href=\"https://laohu8.com/S/JD\">$(JD)$</a> were having their best week in at least a year. \n\n\n Still, these gains resulted in more retail investors taking profits rather than increasing their positions. \n\n\n \"Zooming in, the second chart shows how mom-and-pop traders have taken the opportunity from the most recent surge in prices to sell out of China names,\" Vanda wrote. \n\n\n Vanda said it's up to institutional investors to sustain the momentum of these Chinese stocks. \n\n\n On the other hand, Goldman Sachs said that fear of missing out could motivate more investors to pile in after the initial rally. \n\n\n \"I really think this time is different for Chinese equities,\" Goldman Sachs technical strategist Scott Rubner wrote in a note. \n\n\n If that's the case, it has yet to be seen. Still, the effects of the Chinese stimulus could add wind to the sails of Chinese corporate earnings, which could boost stock performance. It may be worth it for investors to pay attention to this or keep an eye on Chinese ETFs. \n\n\n Also read: China ETFs set for best week on record after Beijing fires policy 'bazooka' to boost economy. Is it time to jump in? \n\n\n -Gordon Gottsegen \n\n\n This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n<pre>\n \n</pre>\n\n (END) Dow Jones Newswires\n\n\n September 27, 2024 11:26 ET (15:26 GMT)\n\n\n Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"89988":"阿里巴巴-WR","BK4527":"明星科技股","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0128522744.USD":"TEMPLETON EMERGING MARKETS \"A\" ACC","BK4531":"中概回港概念","BK4526":"热门中概股","09618":"京东集团-SW","LU0229945570.USD":"TEMPLETON BRIC \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","BK4581":"高盛持仓","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","BK4127":"投资银行业与经纪业","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU1046421795.USD":"富达环球科技A-ACC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0048580855.USD":"富达大中华区A","JD":"京东","LU0164872284.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"A\" (USD) ACC","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","BK1521":"挪威政府全球养老基金持仓","BK4505":"高瓴资本持仓","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","BK4504":"桥水持仓","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","BABA":"阿里巴巴","09988":"阿里巴巴-W","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","BK1142":"互联网与直销零售","IE0008368742.USD":"首域中国增长基金I Acc","LU0072913022.USD":"UBS (LUX) EQUITY FUND - GREATER CHINA \"P\" (USD) ACC","LU0048597586.USD":"富达亚洲焦点A","LU0181495838.USD":"施罗德新兴亚洲A Acc","LU0254981946.USD":"HSBC GIF BRIC MARKETS EQUITY \"AC\" (USD) ACC","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","LU0231483743.USD":"abrdn SICAV I - ALL CHINA SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","BIDU":"百度","BK1610":"ETF&股票定投概念","BK1608":"元宇宙概念","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","BK4524":"宅经济概念","BK4220":"综合零售","FXI":"中国大盘股ETF-iShares","MCHI":"中国ETF-iShares MSCI"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2470038180","content_text":"MW China stimulus wasn't enough to convince retail investors to buy Chinese stocks\n\n\n By Gordon Gottsegen \n\n\n Instead, retail traders were motivated to take profits \n\n\n This week, the Chinese government unveiled a slew of stimulus measures to boost its economy and get national GDP to an annual growth target of 5%. Chinese markets loved the news, with the CSI 300 index XX:000300 jumping 4.3% and Hang Seng HK:HSI gaining 4.1% on Tuesday and then continuing those gains throughout the week. \n\n\n Yet despite all the fervor, retail investors weren't convinced to buy in. \n\n\n Data from Vanda Research showed that retail investors' appetite for Chinese ETFs and ADRs remained at muted levels, much lower than in 2020 and 2021. \n\n\n \"Do not count on retail traders to get behind China's latest efforts to prop up their stock market. After getting burned repeatedly since 2021, retail appetite for Chinese equity ETFs and ADRs has fallen into deep bear market,\" Marco Iachini, senior vice president of research, and Lucas Mantle, vice president of data science, wrote in a Vanda Research note. \n\n\n This comes at a time when Chinese market-tracking ETFs like iShares China Large-Cap ETF FXI and iShares MSCI China ETF MCHI are on track to achieve their best weekly performance on record, at 18.9% and 19.8% gains respectively, according to preliminary data on Friday from Dow Jones Market Data. Many Chinese ADRs like Alibaba $(BABA)$, Baidu $(BIDU)$ and JD.com $(JD)$ were having their best week in at least a year. \n\n\n Still, these gains resulted in more retail investors taking profits rather than increasing their positions. \n\n\n \"Zooming in, the second chart shows how mom-and-pop traders have taken the opportunity from the most recent surge in prices to sell out of China names,\" Vanda wrote. \n\n\n Vanda said it's up to institutional investors to sustain the momentum of these Chinese stocks. \n\n\n On the other hand, Goldman Sachs said that fear of missing out could motivate more investors to pile in after the initial rally. \n\n\n \"I really think this time is different for Chinese equities,\" Goldman Sachs technical strategist Scott Rubner wrote in a note. \n\n\n If that's the case, it has yet to be seen. Still, the effects of the Chinese stimulus could add wind to the sails of Chinese corporate earnings, which could boost stock performance. It may be worth it for investors to pay attention to this or keep an eye on Chinese ETFs. \n\n\n Also read: China ETFs set for best week on record after Beijing fires policy 'bazooka' to boost economy. Is it time to jump in? \n\n\n -Gordon Gottsegen \n\n\n This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n (END) Dow Jones Newswires\n\n\n September 27, 2024 11:26 ET (15:26 GMT)\n\n\n Copyright (c) 2024 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"89988":0.6,"BIDU":0.9,"JD":0.9,"09618":0.6,"MCHI":0.9,"BABA":0.9,"09988":0.9,"FXI":0.8}},"isVote":1,"tweetType":1,"viewCount":2003,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":75,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}