Authorities in China are stepping up efforts to stabilize the stock market after a massive sell-off. The collapse in valuations from a peak in 2021 makes them the โbestโ in the world.best value propositionโ according to at least one market veteran. Others remain unconvinced, saying the economy faces some tough challenges that will continue to hamper stocks. So is this a golden moment or a values โโtrap?
Few stock markets in the world have fallen as much as China and Hong Kong. The CSI 300 reference point The price of shares traded on the mainland declined for the third consecutive year through 2023 and lost another 2.6%. A Hang Seng indicator of Chinese stocks listed in Hong Kong fared worse.
