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Market review: February 22, 2016

Fang submitted 2016-02-22 15:31:05

Market review:

We’d seen China stock index reached new height today, because of replacement of chief of CSRC. Money flow monitored to rush in Steel, Coal and Construction sectors, as investors also followed the rallies in related commodities. We considered that the CSRC reshuffle’s a bullish surprise and this move showed that Gov ‘s supportive to the financial market, as most investors believed for now. The 3000 target ‘s about to be reached and we are considering to set a mid term second target to 3300.We shall close out all positions if SHA can ever hit 3500 in the 3-month time frame.

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