By love-89.com Mark Mobius, often referred to as the “father of emerging markets,” recently shared his perspective on the impressive rally in the Chinese stock market. He expressed a hopeful outlook, suggesting that the rise in A-shares could maintain its momentum as long as Chinese policymakers continue to implement supportive measures.
After the holiday break, the Chinese stock market made a strong comeback, with the CSI 300 index jumping nearly 11% at the opening—an all-time high for a single-day increase.
In an email dated October 7, Mobius, who is the chairman of the Mobius Emerging Markets Fund, commented, “The bearish sentiment has been broken, so we anticipate a sustained bullish market.” He emphasized that the longevity of this upward trend will largely hinge on government initiatives aimed at enhancing market liquidity.
At 88 years old, Mobius adopted a bullish stance on A-shares earlier this year when the Chinese government rolled out measures to support the real estate sector. The recent stimulus announced by Beijing at the end of September, which includes interest rate cuts and liquidity support for the economy, has significantly contributed to the rise in A-shares.
Despite his optimistic outlook, Mobius noted that he is not rushing to increase his investments following the Golden Week holiday. He said, “We are waiting for the market to stabilize, so the reopening is not the time for a major influx of investments.”