This rebound has gone down in history.
China's State Council Information Office said on Sunday that a press conference will be held at 10 a.m. on October 8, when Zheng Zhajie, director of the National Development and Reform Commission, and others will introduce the "systematic implementation of a package of incremental policies" and answer questions from reporters.
1. The announcement before the opening creates a good atmosphere for the opening next Tuesday.
2. In addition, the press conference was held at 10:00 am Beijing time, when the stock market was in intraday trend. Even if the stock market opening performance was not particularly impressive, the press conference was a last resort.
3. The theme of the meeting is "Systematic implementation of a package of incremental policies". It is not a coincidence that supporting policies are coming one after another. China is now striking while the iron is hot. The market is most concerned about the "policy effect". After the recent news from China was announced, it was followed by "implementation", which can be said to have hit the pain points of the market.
4. Unlike in the past, this round of market support measures is "orderly" and "precise", and are linked together, making investors feel that each policy is "very close" to the market.
5. Wall Street previously called China's actions a "blitzkrieg". In just 10 days, the Chinese stock market went from being unpopular to being the best performing market this year. But now it seems more like a "must win battle" at all costs, and there must be a back-up plan. #非农人数大幅升温 #灰度拟推出AAVE信托基金 #美联储11月降息预期升温 #BTC走势分析