16 And 17 March 2022 shares of Chinese companies, including major technological, have grown a lot. The reason of that, according to Bloomberg, - news about the support of markets and the economy by the Chinese authorities.
At a meeting of the Financial Policy Committee headed by Vice Premier Liu He, it was said, that the government should actively implement measures, favorable to markets. Government vows to ease restrictions, support technology and construction companies, and stimulate the economy.
The news mentions support for the listing of Chinese companies abroad and then, that there is progress in negotiations over auditors' access to documents of Chinese companies, those traded on foreign platforms. The Chinese regulator in the field of banks and insurance will support the investments of insurance companies in the shares of sustainable enterprises and will help developers to get projects of those construction companies, who are experiencing difficulties.
It helped stocks rise. Hang Seng China Enterprises Index, consisting of shares of mainland China companies on the Hong Kong Stock Exchange, behind 16 March increased by 13% - this is the best indicator since 2008. The index of shares of "mainland" companies CSI 300 rose by 4,3%.
17 Hang Seng China Enterprises Index Rose More Than 7% in March, and the CSI 300 is almost 2%.
For two days of trading, Bilibili shares on the Hong Kong Stock Exchange rose by 63%, JD.com — on 56%, Alibaba is almost on 43%, Baidu - on 40%. Securities of Chinese companies on American trading floors have also grown strongly, and equity funds, investing in China.
This growth partially compensated for the recently intensified decline in Chinese securities and related funds.. The fall is due to tightening regulation by the Chinese authorities, SEC issues to the reporting of companies and potential delisting of securities from American sites, as well as geopolitical tensions.
Securities of some large Chinese companies are available to Russians on the "SPb-Exchange", which still works now. The Moscow Exchange also has such securities., but trading in the stock market is suspended with 28 February.
Chinese papers from the "people's" index SPB100. Prices in the USA for the evening 16 Martha
|Alibaba (BABA)||104,98 $ (+36,76%)|
|Baidu (START)||150,87 $ (+39,2%)|
|Hello Group (MOMO)||7,27 $ (+51,46%)|
|JD.com (JD)||64,08 $ (+39,36%)|
|JOYY (YY)||42,27 (+66,35%)|
|Li Auto (LI)||26,05 $ (+31,9%)|
|TAL Education (TAL)||2,61 $ (+36,65%)|
|Vipshop (VIPS)||8,48 $ (+31,88%)|
104,98 $ (+36,76%)
China Equity Fund FXCN, which is traded on the Moscow Exchange, also temporarily unavailable to investors. But FinEx reports, what is the net asset value of the fund for 16 March rose by 12,8% in dollars.
At the same time, investors should not fall into euphoria against the background of news about state support and the growth of quotations.. In July and September 2021, chinese authorities have already reassured investors., frightened by increased regulation and falling stocks, — but this did not prevent many securities from falling in price since that time by tens of percent. Full recovery is still a long way off..
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