The Two Sides of the Chinese Market’s Head-Spinning Recovery Rally

The Two Sides of the Chinese Market’s Head-Spinning Recovery Rally

Chinese stocks are charging higher. The Shanghai Composite index has climbed over 15% in the last two weeks to highs not seen since 2018 amid improving economic data in China and an apparent slowdown in coronavirus cases.

Some have also ascribed the surge to a degree of government influence. Earlier in July, a Chinese state-owned financial news outlet published a front-page editorial encouraging investors to participate in the “healthy bull market.”

So, can the rally be trusted?

Brendan Ahern, chief investment officer of KraneShares, which offers a suite of China-based exchange-traded funds, saw a lot to like in the Chinese market. Read more…………..

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ICARUS TV

Brendan Ahern, chief investment officer of KraneShares, looks ahead to 2020 and breaks down his company’s suite of China-focused ETFs with CNBC’s Bob Pisani. With Jay Jacobs, head of research and strategy at Global X ETFs, and John Davi, founder and chief investment officer at Astoria Portfolio Advisors.