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N-Zhanxin Technology Co., Ltd. surged 398% in early trading on its first day of listing, closing at 115 yuan per share.August 7th - Based on the dynamics and development trend of Typhoon Dolphin (No. 13 of this year), the Zhejiang Maritime Safety Administration activated a Level II typhoon emergency response along the coast at 8:00 AM on August 7th. Meanwhile, as of 8:00 AM on August 7th, all 162 passenger ferry routes in Zhejiang Province have been suspended, all 193 water-related engineering projects have been halted, and all 474 construction vessels have entered safe sheltered waters.According to Futures News on August 7th, as of 09:30 Beijing time, WTI crude oil futures fell 0.47%, and US natural gas futures fell 0.72%.August 7th - The 10th BRICS Industry Ministers Meeting was held in Jaipur, India on August 6th. Wang Weiming, Chief Engineer of the Ministry of Industry and Information Technology of China, attended the meeting and delivered a speech. Representatives from the industrial authorities of BRICS countries and the United Nations Industrial Development Organization (UNIDO) exchanged in-depth views on topics such as SME development, photovoltaic industry transformation, startup empowerment, and logistics system construction. The meeting adopted the "Joint Declaration of the 10th BRICS Industry Ministers Meeting," approved the responsibilities and action plan of the Photovoltaic Industry Working Group, the cooperation framework of the SME Working Group, and the Startup Action Plan.The Peoples Bank of China (PBOC) announced today that it conducted a 1 billion yuan 7-day reverse repurchase operation, with a bid amount of 1 billion yuan and a winning bid amount of 1 billion yuan. The operation rate was 1.40%, unchanged from the previous rate.

Indices Forecast 2023 – Hang Seng Set For A Strong Rebound

Skylar Shaw

Jan 03, 2023 15:47

Chinese equities began to rebound in the last two months of the year following a significant decline brought on by the country's economic slump.


After implementing a tight zero-COVID policy for many years, China has begun to reopen. Although the sudden change in the prior policy has already resulted in records-breaking illnesses, things will probably settle down in the first few months of this year. In this case, the Chinese economy would expand rapidly, which will be positive for Chinese equities.


The primary dangers for Chinese equities in 2023 are still regulatory activities and escalating relations with the United States. Regulations are probably going to be less rigorous this year since China's government is focused on promoting development after the coronavirus outbreak, which should strengthen the Hang Seng index even further.