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‘Alcohol Is Meant For Drinking’: China Throws Liquor On Stock Rally, Sets It On Fire
This time last week, Chinese retail investors were feeling "invincible".
Eight straight days of gains for mainland equities added more than $1 trillion to the market cap of the country's stock market, and retail investors understandably thought they had the government's blessing to push their luck. After all, state media was busy talking up a "healthy bull market", suggesting speculation in local shares was just fine with Beijing.
“There’s no way I can lose”, a 36-year-old tech startup e
One of the commenters on your previous article cited HK as the likely driver behind the stock market stoking. I wasn’t buying that as an explanation until I read Carrie Lam touting the recent stock market strength as an implied vote of confidence in the new national security legislation. Perhaps it really was that simple.