Is Tencent Music Entertainment Group (TME) a Solid Growth Stock? 3 Reasons to Think "Yes"
Shares of US-listed Chinese Companies Are Trading Higher Possibly Amid Continued Strength Following a Report Suggesting China Will Issue up to $284 Billion of Sovereign Debt as Part of a Stimulus.
Express News | Li Auto up 1.3%, JD.com up 3.2%, NIO up 4.5%, Xpeng up 4.2%
Express News | Alibaba up 0.7%, Bilibili up 0.9%, Tencent Music Entertainment up 4.4%
US stock market outlook | As expected! USA's core PCE in August rose by 2.7% year-on-year, short-term pull-up of the three major index futures; Making a fortune! Well-known major short sellers bet on Chinese concept stocks to usher in a glorious moment
Before the market opened on Friday, the three major equity index futures fell slightly, with the market waiting for PCE data; tesla's 0-interest car purchase event was postponed again; jd.com continued to rise by over 2% before the market, Alibaba and jd.com will open up to each other.
Putting half of his wealth into Chinese concept stocks, 'The Big Short prototype' Michael Burry made a profit this time.
As of June 30th, stocks of Alibaba, baidu, and jd.com together account for about 46% of Burry's entire investment portfolio. Billionaire investor David Tepper previously stated that now is the time to 'buy everything', as Chinese stocks still have a lot of upside potential.
This week in the US stock market | China's assets experience a "big carnival", goldman sachs and other major banks are all bullish! Ke Holdings surged nearly 40% during the week, with jd.com and pdd holdings rising by about 30%.
This week, the Dow Jones Industrial Average rose by 0.27% to 42175.11 points; during the same period, the S&P 500 index rose by 0.75% to 5745.37 points; the Nasdaq index rose by 1.35% to 18190.29 points during the same period.
Tencent Music releases its first esg report.
Sina Technology News On the afternoon of September 27th, Tencent Music Entertainment Group released its first Environmental, Social, and Governance Report (ESG Report). The report shows that Tencent Music incorporates the ESG concept into the company's operation and corporate governance, promotes effective ESG governance, actively fulfills social responsibilities, advocates diversity and inclusion, and is committed to creating sustainable long-term value. In terms of safeguarding user rights, Tencent Music is committed to providing users with a safe, high-quality, and user-friendly experience.
Tencent Music Entertainment Group Releases Inaugural ESG Report
Express News | Ishares MSCI China ETF up 0.8%, Kraneshares CSI China Internet ETF up 2.8%, ishares China Large-Cap ETF up 1.1%
Express News | NIO up 5.5%, PDD Holdings up 3.8%, Gaotu Techedu up 8.3%, Bilibili up 3.7%
Express News | U.S.-Listed Shares of Chinese Firms Rise Premarket on New China Stimulus
Foreign capital unanimously bullish! Morgan Stanley, Goldman Sachs support the Chinese stock market, hedge fund tycoons shout out: buy all Chinese assets.
①Morgan Stanley believes that, from a technical perspective, the China CSI 300 Index may still have about 10% upside potential in the short term; ②Goldman Sachs said that once the US election is over, the Chinese stock market should be an important part of investors' investment plans; ③Hedge fund legend David Tepper said he didn't expect such a strong policy stance from China, and he will buy all Chinese assets.
Global stock markets welcome the 'most call morning of the year,' as Goldman Sachs fund flow experts exclaim that this 'china trade' is different from the past.
Goldman Sachs expert Rubner mentioned that FOMO is starting to appear locally in China; in the past 48 hours, he conducted more China-related Zoom calls than all related meetings within this year; short-term traders in Goldman Sachs PB business have been buying Chinese stocks for eight consecutive days, with the net buying amount of Chinese stocks in PB business this Tuesday reaching the second highest level in ten years, almost entirely from long positions.
What happened tonight? Major policy bullish surprise, foreign capital collectively optimistic, china assets booming!
On the evening of September 26, Chinese assets soared, with Chinese concept stocks, China assets etf, ftse china a50 index futures, Hang Seng index futures, and RMB exchange rates all skyrocketing.
Express News | Kraneshares CSI China Internet ETF up 12%, Ishares MSCI China ETF up 9%, ishares China Large-Cap ETF up 8.5%
Express News | JD.com up 14%, Xpeng up 10.8%, Tencent Music Entertainment Group up 16.7%
Shares of Chinese Stocks Are Trading Higher Following a Report Suggesting China Will Issue up to $284 Billion of Sovereign Debt as Part of a Stimulus.
US Stock Outlook | Chinese securities are booming across the board! Pinduoduo, JD, and Station B soared by more than 11% before the market; Micron exploited “AI faith”! Pre-market riots in chip stocks
Optimism continues to spread, with strong gains in the Asia-Pacific stock markets and pre-market trading in US stocks on the rise. As of the time of publication, the Dow Jones futures rose by 0.37%, the s&p 500 index futures rose by 0.75%, and the Nasdaq futures rose by 1.41%. Chinese ETFs surged in pre-market trading, with 3 times leverage on the rise of the FTSE China ETF by over 25%.
Express News | The People's Bank of China: We need to speed up the introduction of financial increment policy measures files, and implement and implement each policy measure one by one.