GSX Techedu And KE Holdings Herald The New Economy Era

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About: KE Holdings Inc. (BEKE), CQQQ, FXI, GSX, KWEB, MCHI, Includes: BABA, BABAF, BIDU, DADA, DIA, IQ, JD, PDD, QQQ, SPY, TAL, TCEHY, TCTZF, Z, ZG
by: ALT Perspective
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ALT Perspective
Long/Short Equity, Growth At Reasonable Price, Contrarian, Deep Value
Summary

China's economic recovery continued to be strong and I illustrate this through several charts.

I provide the contrast in the level of stimuli and liquidity injections between the U.S. and China which partly explain the renminbi strength and bullish investor sentiment.

Investors have ignored naysayers and short-sellers to plow into GSX Techedu while they look towards KE Holdings as the Chinese Zillow but better.

The share price movement of iQIYI continues to play out as anticipated.

I discuss the entry of GSX Techedu and KE Holdings into the top 10 holdings of the KWEB ETF.

By ALT Perspective

The past week saw positive macroeconomic data in China countering the drag from lingering U.S.-China political tensions and saber-rattling. The better-than-expected August new bank loan data which was released after the market