Hao HONG 洪灝, CFA(@HAOHONG_CFA):China’s STAR50 index plunged 45% in 120 days, while the NASDAQ plunged 45% in 360 days in the 2008 financial crisis. Calling it a meltdown is an understatement. The national team has been buying, but it's been more reactive than proactive. The team should raise the flag by announcing it will prop up the market whatever it takes, rather than trickling in every day toward market close—unless the team wants to buy at a lower price.

Hao HONG 洪灝, CFA

@HAOHONG_CFA

Person of the Year-Bloomberg BW;3xChina’s Most Influential Economist;3xEconomist of the Year-Asia Private Banker;“The man called China’s boom & bust”-Bloomberg

Joined May 2009

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Hao HONG 洪灝, CFA@HAOHONG_CFA

2026.10.30 08:37

China’s STAR50 index plunged 45% in 120 days, while the NASDAQ plunged 45% in 360 days in the 2008 financial crisis. Calling it a meltdown is an understatement. The national team has been buying, but it's been more reactive than proactive. The team should raise the flag by announcing it will prop up the market whatever it takes, rather than trickling in every day toward market close—unless the team wants to buy at a lower price.

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