Hongkong Stock God Cao Renchao Refers To The Mainland Economy Or Down To 6% Airport Shares.

The mainland's official and HSBC Manufacturing Purchasing Managers Index (PMI) slowed down in November. Today, Cao Renchao, the "stock god" who has recovered from the serious illness today, rarely expressed his preference for the mainland economy in a forum today. He believes that the GDP growth rate will remain at 7% in the next 10 years and will fall to 6%. He also revealed that he had little confidence in the future of Hongkong. At the same time, considering the current US dollar trend, he also looked at the performance of Hong Kong stocks, but indicated that the real estate stocks and a few large technology stocks could be slightly better in the future.

The mainland's official and HSBC manufacturing PMI continued to slow down in November. The data distribution today dropped to 50.3 and 50, a new low of 8 months and six months, indicating that business continued to deteriorate. "Stock god" Cao Renchao did not show up for a long time. He appeared on a forum in Hongkong today and rarely expressed negative views on the economic trend of the mainland. He pointed out that about 8% of the mainland's economic growth has become history, and the next 10 years should be maintained at 7%, and there is an opportunity to slip to 6%.

He did not disclose the target of Hang Seng index next year, but pointed out that in the past dollar Strong, Hong Kong stocks are not good, suggesting that the future performance of Hong Kong stocks bearish. But Cao Renchao hints that large stocks of real estate stocks such as Tencent are among the few promising sectors.

Cao Renchao also expressed his lack of confidence in young people in Hongkong. They believed that their competitiveness was weaker than in the past, and even that many college students were less competitive than skilled plumbers. He said that the market for plumbers and other technical workers was scarce, and their competitiveness was bigger. Their home's washing basins had previously requested the plumber to repair the site, and had to make an appointment for queuing. They had received HK $2000 in two hours' repair.

Two items announced today PMI data Most analysts believe that the downward pressure on the economy has increased, and that the future policy continues to relax and support the economy. Qu Hongbin, chief economist of HSBC Greater China, said the interest rate cut announced by the bank will help stabilize the investment in the real estate market and manufacturing industry, and further monetary easing is expected.

Nomura Securities announced today to maintain its four quarter Mainland economy The growth forecast of 7.3%, however, pointed out that next year's economic growth will drop to 6.8%, mainly due to the adjustment of the real estate market, tightening of local government debt control and "deleveraging" and other factors. Nomura expects that the people's Bank of China will cut interest rates again in the two quarter of next year, and the reserve requirement ratio will be reduced by 50 basis points each time in the four quarter.