SIC2H19: China Slashes RRR; Which Stocks To Look At?
Do not miss the chance to catch Dr. Chan at the upcoming Shares Investment Conference in November! Last week, there were two major occurrences in China and Hong Kong. First, the Chief Executive of Hong Kong Carrie Lam, formally withdrawn the contentious extradition bill. The other was the signal to the real cost of borrowing in Mainland China by Premier Li Keqiang during a state council meeting. Overall, Dr. Chan opines that the cutting of bank’s reserve requirement ratio (RRR) in China will further support its cause to combat the US in a prolonged trade war. The effects will also extend towards China equities. For the time being, Shanghai A-shares will likely outperform its HK counterparts. For local investors that are not too familiar with China’s equities, they could consider