The market wasn't expecting this after media voicing skepticism about the rally & news Beijing's sticking to #zerocovid over the weekend. But another 4% gain on the HSTI on Monday, bringing 5-day gains to 19%, tells us this is more than just fluff. Sure, we may still just be in a bear market rally. The things to consider are (1) China is closer to the end of COVID lockdown based on micro-level moves to reopen, (2) mainland funds/investors have practically put a floor underneath the market with their daily buys of CSOP HSTI ETF, (3) the #PCAOB audits ended

Xi Jinping's speech was probably the most over-analyzed speech by a leader in recent memory. Unfortunately, a lot of those analyses came with a tinge (sarcasm) of bias that took away from importance of what he said. "Zero Covid and Zero Solutions", "What a Defiant Xi Tells Us" were the headlines that stood out. I, too, watched intently as developments in #China will impact a lot of things in my country, which is just a stone's throw away from Taiwan and the mainland. On #ZeroCovid, it's not surprising for Xi to tout a policy that has potentially saved

We should do less thinking of what China is doing to itself in the short-term and more of what they are trying to achieve long-term. Moves that appear to be bad right now may be hugely beneficial 5 years or more into the future. Some that appear good now could actually harm them as these moves could impede progress. Reining in the tech sector to give Beijing time to put in regulations is likely positive, as platforms will have an even and clear playing field. Banning #cryptocurrency seems self-defeating now, but in the context of avoiding capital flight