Chinese stocks fell the most in the world 3Chinese stocks fell the most in the world 3

Last November, the Chinese government announced its most drastic reform plan since the 1990s, causing the Hang Seng China Enterprises Index – which tracks Chinese companies listed on the Hong Kong stock exchange – to increase the most in two years.

Meanwhile, the MSCI All-Country World Index increased 4%.

Last year’s reform policy package prompted Goldman Sachs to raise its outlook on Chinese stocks.

Investors are increasingly pessimistic about China’s economy.

`Pessimism is increasing, regardless of what China does or declares,` said David Gaud at asset management firm Edmond de Rothschild Asset Management.

The contrasting effects of policy changes and economic slowdown have emerged this week.

China is planning to open up some industries controlled by the Government to attract investors.

China’s reform process is being overshadowed by poor economic data, a cooling real estate market and a devaluing yuan, commented Patrick Ho – Chief Investment Officer at UBS Wealth Management.

Lack of detail in some reform plans, such as linking the two stock exchanges, has made investors hesitate, Mr. Gaud said.

Earlier this week, Chinese President Xi Jinping said that the country needs to adapt to slow economic growth.

`The most influential factor in the short term is the growth slowdown. The market knows that reform is a positive measure, but when the economy goes down, it is very difficult for them to ignore the fact that short-term figures will

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