With the meeting of Chinese decision makers in Beijing and announced this year's economic growth goals, the transaction trend of the Hong Kong option market shows the cautious attitude of offshore investors.
According to Bloomberg, the most active option for trading in the Hong Kong market on Tuesday (March 5) is expected that Huaxia CSI 300 Index ETF will fall by 2%before the end of the month.
The data compiled by Bloomberg shows that the transaction volume of this period has soared from only five on Monday to more than 4,600.
KK Kki Asia's investment strategy director Kenny Wen believes that investors are obviously very worried about corporate profitability, and some people still have skepticism on how the Chinese government achieves growth goals.In this case, offshore hedging demand is growing.
Bloomberg reported that the Hang Seng Index once fell 3%on Tuesday, but the CSI 300 index rose 0.8%at a time, reflecting different responses from domestic and foreign investors to China's economic growth goals.
Chinese Prime Minister Li Qiang published the first government work report during the opening ceremony of the National People's Congress Conference on Tuesday (March 5).Chinese officials set the target of economic growth at about 5 % this year, which is the same as the target set at the beginning of last year.This goal is higher than the recent expectations of the International Monetary Fund, the World Bank and other institutions on China's economic growth, showing that Chinese leaders are still optimistic about reversing the current economic situation.
