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Reopening Bets Propel China Markets to Best Month in Years

  • Hang Seng China gauge set for biggest monthly gain since 2003
  • More policy support for property sector also helped fuel gains
Updated on

November looks set to mark a watershed moment for Chinese assets, after visible policy shifts away from Covid Zero triggered massive gains. 

After being pressured under the weight of virus restrictions and a property crisis, markets surged amid hopes of an eventual reopening. Chinese stocks in Hong Kong are headed for their best month since 2003, while the yuan is on track for the biggest monthly gain in nearly four years.