This shows that China has changed its monetary policy stance for the first time in more than ten years, from "moderate" to "moderately loose". This policy adjustment aims to boost consumption, improve investment efficiency and expand domestic demand in all directions. At the same time, it also indicates that China will probably take greater measures to cut interest rates and lower the RRR to support economic growth.Fourteen years later, it was relaxed, and the Chinese stocks responded.Internet ETF mainly invests in the underlying index constituent stocks and alternative constituent stocks, and its risk-return characteristics are similar to those of market portfolio represented by the underlying index.
At present, the latest P/E ratio of Hang Seng Technology Index is 12.89 times, which is at a historical low. This valuation level shows the investment attraction of the current market, especially after considering the historical quantile data. For example, the price-earnings ratio of Hang Seng Science and Technology Index (market value weighted) is 20.62, and the 3-year split point is 12.77%; The P/E ratio (positive equal weight) is 15.44, and the 3-year quantile is 25.14%. These data show that the valuation of Hang Seng Science and Technology Index is relatively low, at a historical low level, regardless of the market value weighted or the price-earnings ratio calculated by equal weight method.Fourth, there are both opportunities and risks in investing in Chinese stocks. The opportunity lies in sharing the dividend of China's economic growth, while the risks include geopolitical risks, exchange rate risks and possible regulatory changes.
First, China Stock Exchange provides opportunities for global investors to invest in China's fast-growing economy, especially those industries and companies that cannot directly invest in the Chinese mainland market.Internet ETF mainly invests in the underlying index constituent stocks and alternative constituent stocks, and its risk-return characteristics are similar to those of market portfolio represented by the underlying index.China Internet ETF provides investors with a convenient and low-cost investment channel, enabling them to participate in the development of the Internet industry in China, especially for domestic investors who cannot directly invest in overseas markets. This is an important investment tool.
Strategy guide 12-13
Strategy guide 12-13