News and Insights

Corporate News

In 2024, where is the Chinese stock market headed?

08 Feb 2024

In the first English article of the Year of the Loong, let's review and look forward: where are the 2023 worst performers of the global stock markets, the Chinese mainland and Hong Kong stock markets, headed in 2024?


Who, after watching the TV series "Blossoms Shanghai," wouldn't want to become Boss Bao? — To receive guidance from a wise uncle and to have a beautiful woman who understands him deeply. What's even more talked about is — the first pot of gold always comes from the stock market.


However, 15 years have passed, and the Chinese stock market has moved from prosperity to silence. From 2023 to the present, compared to the U.S. S&P 500, which rose by 28.9%, and the Nikkei 225, which rose by 39.5%, the Hong Kong Hang Seng Index fell by 19.2%. The Shanghai Composite Index fell by 8.3%, not only falling back below 3000 points but also setting a record for the most bearish six-month streak, with a massive sell-off, repeatedly challenging the government's bottom line for market rescue, breaking through levels over and over again. On January 23, 2024, the Indian stock market surpassed the Hong Kong stock market in market capitalization (USD 4.33 trillion vs. USD 4.29 trillion), becoming the fourth-largest stock market in the world.


What, then, constitutes the underlying issue behind the continuous decline of the Chinese stock market? What measures should be implemented? And, is it still advisable to invest?

Read More