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The objective of this blog is to provide some basic China stock market knowledge and news to the investors, so that they will not miss the great opportunities amid the secular bull market of China.
The objective of this blog is to provide some basic China stock market knowledge and news to the investors, so that they will not miss the great opportunities amid the secular bull market of China.
The HSI CBBC ratio last Friday was 60:40. The biggest volume of HSI CBBC is the callable bull contracts callable at 22,700 level, equivalent to 1288 pieces of HSI index futures contracts. It's a brokers' consensus that a correction is overdue and many of them tip the benchmark index will fall to 22,700 to 23,000. The big players may take this opportunity to pull the HSI down to 22,700 level to eliminate the bull contracts, pending on Wall Street's performance on Monday and A-shares' performance on Tuesday.
(Hong Kong and Shanghai time: 3:40 pm Monday, May 13, Report by CSV)