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Skeptics Remain as China Stocks Rally Strongly on Stability Vows

  • Risks to buy on State Council’s signal could be larger: Fangyi
  • Today people are in ‘buy first, ask later’ mood: Forsyth
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As commitments from China’s top economic leaders to boost financial markets triggered a sharp rebound in shares, many equity watchers remain skeptical that the commentary is enough to put a floor under the biggest rout since the global financial crisis.

The Hang Seng China Enterprises Index, which tracks mainland companies listed in Hong Kong, jumped more than 12% on Wednesday -- nearly wiping out its losses from the previous two sessions -- after Beijing issued a strong promise for policies aimed at market stability.