Boosted by a series of financial policy measures unveiled by the People’s Bank of China, the State Financial Regulatory Administration, and the China Securities Regulatory Commission (CSRC) in late September and the announcement by the People’s Bank of China to establish the Securities, Funds and Insurance Companies Swap Facility (SFISF), the country’s stock market showed strong signs of recovery in the golden months of September and October, with multiple indices setting record highs for the largest single-day gains.
The market has shifted from sporadic surges to the ignition of a “slow bull” scenario, backed by a combination of policy drivers, economic recovery, and technological advancements. From a policy perspective, Chinese listed companies in the textile and apparel sector could benefit from this round of revaluation of assets.
Despite negative returns for A-share apparel brands from January to…
