Bloomberg News reported on Tuesday that people familiar with the situation said the Chinese government is thinking about a set of steps to stabilize a falling stock market.
Bloomberg News reported that Chinese leaders want to use a stabilization fund of about 2 trillion yuan ($278.53 billion), mostly from the offshore accounts of Chinese state-owned companies, to buy shares onshore through the Hong Kong exchange link.
Source: https://www.bloomberg.com/news/articles/2024-01-23/china-mulls-stock-market-rescue-package-backed-by-278-billion
Source: https://www.reuters.com/markets/asia/china-weighs-stock-market-rescue-package-backed-by-278-bln-bloomberg-news-2024-01-23/
There is an example of 3X Leveraged China Bull and China Bear ETFs that are listed in US Stock Market.
When people is confident that China’s Stock Market going to turnaround and goes up, people can look for YINN (Direxion Daily FTSE China Bull 3x Shares).
When people is confident that China’s Stock Market going to crash and goes down, people can look for YANG (Direxion Daily FTSE China Bear 3X Shares).
These are the examples of China-linked stocks that are listed in US Stock Market.
If you are interested to buy China/Hong Kong Stocks, you may sign up a Foreign Share Trading Account with us. (Licensed and Regulated by SC)
1. Download M+ Global APP
2. Sign up using Phone Number
3. Insert Invitation Code: UBZQ
4. Wait for the confirmation
These are the services that I provided to my clients.
