SHANGHAI, CHINA - MARCH 7, 2023 - The Oriental Pearl Tower, Shanghai Tower, Jinmao Tower and World Financial Center are seen on Lujiazui Street, Shanghai, China, March 7, 2023.
China stocks will keep rising after markets in the mainland reopen following the Golden Week break, analysts predicted.
Beijing's announcements of economic support last week have fueled China's CSI 300 blue-chip index to rally over 25% in a nine-day winning streak.
Then, Hong Kong stocks dropped on Thursday, ending a 6-day winning streak and sparking fears that China's stimulus rally could have started to fizzle out.
Beijing's recent stimulus blitz coupled with higher participation from retail investors will likely fuel a longer rally, he said.
Persons:
Eugene Hsiao, Shehzad Qazi, Qazi, Shaun Rein, it's, Rein, Ting Lu
Organizations:
Financial, CSI, of China Equity, Macquarie Capital, China Market Research
Locations:
SHANGHAI, CHINA, Shanghai, China, Hong Kong