International financial institutions are expressing strong optimism about a potential rally in the Chinese stock market. This confidence follows a recent meeting of the Political Bureau of the Communist Party of China Central Committee, where efforts to boost the capital market were emphasized. Additionally, the People's Bank of China unveiled a series of significant monetary policy adjustments last week, further bolstering investor sentiment.
Shayne Elliot, CEO of ANZ Group Holdings, addressed concerns regarding the \"demise of China\" as an investment destination, describing such fears as \"massively overblown.\" Elliot, who announced plans to expand ANZ's presence in China earlier this year, noted that the bank continues to be treated \"extraordinarily well\" within the country.
In an interview with CNBC, David Tepper, founder and president of Appaloosa Management, praised China's central bank for its market-responsive actions, stating that they have \"exceeded expectations.\" Tepper expressed his intent to invest heavily in China, highlighting the positive implications of the recent stimulus measures on bonds, currencies, and stocks.
Similarly, Stephen Jen, CEO of Eurizon SLJ Capital, shared his positive outlook on Chinese equities, describing them as \"extremely undervalued.\" In a report circulated to clients on Friday, Jen forecasted that a \"serious rally\" in Chinese stocks is \"entirely possible.\" This consensus among leading investors underscores a collective belief in the resilience and growth potential of the Chinese market.
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Chinese stock market rally expected, say intl investors and analysts
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