If "Chinese stocks" are going to be fierce bulls in 66, which Chinese stocks are worth investing in?

Big news from the world given as a Christmas present by the Chinese authorities. is the announcement of the official opening of the country from January 8, 2566, faster than the market expected that the country would begin opening in the middle of 2466, leading to predictions that China's economic numbers would recover more quickly. Including the global inflation problem and the economic recession that appears to be easing. It will benefit from China's opening up of the country. Since China has the second largest GDP in the world after the United States, if "Chinese stocks" It will be a fierce bull in 66. Which Chinese market is worth investing in?

Xi Jinping expects last year's GDP to grow +4.4%, emphasizing that China's economy is still strong.

Xi Jinping expects China's GDP in 2022 to reach 120 trillion yuan, or a growth rate of +4.4% YoY, higher than market analysts' expectations of 2.7-3.3%, and stressed that the economic fundamentals remain strong. China is facing a relatively severe COVID epidemic. This will affect China's recovery in the next period. (CNN) Bank of America forecasts that the Chinese economy in 2023 will grow 5.5%, compared to the consensus forecast of analysts at 4.9%.

China relaxes real estate sector

China is planning to ease borrowing restrictions on property development companies. known as The strict “Three Red Lines” caused the collapse of the
big time real estate The source revealed that the government may allow some property companies to increase their debt burden by reducing their borrowing limits. and extend the grace period to achieve the specified goals.

China unlocks energy problems by relaxing coal import controls.

Chinese authorities are set to loosen tight energy regulations, with the National Development and Reform Commission considering allowing major coal importers such as CEIC and Baowu to resume purchasing from Australia this year. After Chinese authorities unceremoniously banned imports in late 2020, sources said one of the major coal importers had already reached an agreement with an Australian coal company and that the coal would reach China in February.

How expensive is the Chinese stock market?

The HSCEI and CSI300 indexes are trading at forward P/E levels of 8.9 and 11.7 times, lower than global stocks at 15.1 times. Chinese authorities continue to focus on measures to support economic growth after more than three years of lockdown. Conflict with the United States. Looks relaxed when President Xi Jinping and President Biden met in Bali in mid-November. Although there is the issue of legislation regulating chips in the United States. It seems that China is better able to respond and adapt to the situation due to the development of domestic technology to reduce reliance on the United States.

Since the beginning of the year, Chinese stocks listed in Hong Kong (HSCEI Index) have increased by +8.95% and Chinese stocks listed in mainland China (CSI300 Index) +4.58%. In the past 1 year, the HSCEI Index has decreased by -11.68%. and the CSI300 index -11.44% and in the past 3 years, the HSCEI index decreased -25.50% and the CSI300 index -3.69%
(Information seeking alpha as of January 12)

Chinese A Shares, H Shares, ADRs, which market is more worth investing in?

Chinese stock mutual funds invest in many markets. Chinese divisions that focus on stocks listed in mainland China (A Shares) are interesting during this period. Although Chinese stocks listed in Hong Kong and the US (H Shares and ADRs) performed better recently, A Shares benefited from economic stimulus measures from opening up of the country to strong domestic consumption growth. and are less negatively affected If the relationship between China and the United States Back to being tense again.

The order of investing in A Shares ahead of other Chinese markets is therefore very interesting during this period due to the growth of domestic consumption. And the recovery of the main index CSI300 is still at the point where it has just turned around. Compared to H Shares, ADRs, large technology companies listed outside China which has greatly recovered from the government's relaxed regulatory policy

If the relationship between China and the United States There seems to be a better attitude. Including the China-Taiwan geopolitical conflict. The Russia-Ukraine conflict has resolved and the new Chinese administration's governance policy is clear. We will see a picture of the attractiveness of Chinese funds in every market, including Chinese A Shares, H Shares and ADRs.

Investment policy in Chinese stock funds sold in Thailand in the form of general funds, RMF and SSF, which are available in many funds and are very diverse. Therefore, it is a good time for investors to explore investment details and investment objectives of funds that are interesting and suitable for timing their investments in order to create opportunities and find good returns. During the opening of China's cities this time