After the peak in June, the Chinese stock market lost nearly 40%. State support, however, gradually stopped depreciation, at least according to the survey «China: The redback's big bang» of HSBC. Devaluation of the yuan and weak macro data scared investors, but many fear this analysis determined as excessive. After intervention by the authorities for about 3 trillion yuan, reducing the volume of transactions with credit and suspension of trade in certain companies had not achieved full stabilization sought market, but according to HSBC, Beijing has a number of as yet unexploited opportunities for influence. China will most likely made even easier monetary policy, and hence the credit. In such a development, the quotations of the companies will even begin to recover in the fourth quarter of 2015. HSBC determines prospects for Chinese equities as "attractive". Analyses suggest obtain full recovery for more than a few quarters.
In addition, it can add the observation that consumer spending in China is not consistent with the decline in capital market. Adding to the rising budgetary costs will be very real, even before the end of 2015 to see a recovery of growth in China-GDP.
Thursday will be presented current data on Chinese economic activity, then the market will give long Rest (until National Day) due to the national holiday.
SSExchange (quotes 2015-09-30 16:10): SSE Composite= 3052,78 (change= 0,48%); SSE Government Bond Index= 151,62 (change=
0,01%)
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