China Has ‘Unleashed’ ‘Monetary Fiscal Bazooka’: KraneShares CIO
"We've seen the monetary fiscal bazooka unleashed...you're also seeing outright the PBoC (People's Bank of China) and CSRC (China Securities Regulatory Commission) — their version of the SEC — saying we'll give insurance companies, mutual fund families, brokerage firms, 500 billion RMB to buy stocks. If that doesn't get the stock market up, we'll give them another 500 billion," said Brendan Ahern on Yahoo Finance discussing the recent rally in Mainland China and Hong Kong's equity markets.
The linked video contains Brendan Ahern's opinion. It should not be regarded as investment advice or a recommendation of specific securities.
