People standing next to the bull sculpture on the Bund in Shanghai. Photo: AFP
People standing next to the bull sculpture on the Bund in Shanghai. Photo: AFP

Chinese stocks regain US$1.7 trillion of value in November rally as Covid pivot, stimulus bets gain momentum

  • The Hang Seng Index rose 27 per cent in November, the most since October 1998, with HSBC, Xpeng and developers powering the rally
  • China’s zero-Covid ‘has passed the point of no return’, Alpine Macro says, as Beijing seen abandoning policy by choice or by force

People standing next to the bull sculpture on the Bund in Shanghai. Photo: AFP
People standing next to the bull sculpture on the Bund in Shanghai. Photo: AFP
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