China’s Stock Market: Key to Boosting Domestic Consumption

Banks aim to boost efficiency through listings and capital hikes

The Ho Chi Minh Stock Exchange (HSX) received a listing application from VietABank for nearly 540 million shares on May 14. The bank, which currently has a charter capital of approximately $216 million, is trading on the Unlisted Public Company Market (UPCoM) under the ticker VAB. "We expect to move our listing in the third quarter this year to boost stock transaction," said Phuong Thanh Long, chairman of the Board of Directors at VietABank, dur…

China’s Stock Market: Key to Boosting Domestic Consumption

China’s stock market has long been a barometer of domestic consumption, with historical data showing that booms in share prices often coincide with sharp upticks in household spending. This relationship is not merely coincidental but a result of the wealth effect, where rising stock prices make consumers feel richer, encouraging them to spend more. This dynamic is crucial for Beijing as it seeks… Source

Why China should engineer a stock market boom to boost consumption

A leading Chinese economist says Beijing can achieve its long-coveted goal of boosting domestic consumption by using financial policy measures to engineer a boom in the stock market.In this briefing:The history of China’s stock market shows booms coincide with sharp upticks in domestic consumption. Lian Ping (连平) has six policy proposals for boosting the health of the stock market, with a view to expanding the role of consumption in the Chinese …