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Comment For China Stock Market 2016/09/08

China stocks climbed for the fifth day in a row with SHA rose about 0.13%.Though China trade balance for August is lower than the expectation, the improvement of import may show that the economy is picking up the speed. Money flowed into Construction, Engineering Equipment and Non-Ferrous Metal sectors the most.Beijing Jiayu Window and Curtain Wall Joint-Stock Co., rallied to limit-up as it got a contract from a major photovoltaic electricity generator, also as part of the plan of PPP business mode encouraged by gov. DXY stayed weak overnight and struggled to hold the 94.7 level. CNYUSD hanging over 6.66 with shibor rates showed some tightening for overnight and 1 week time range. Ferrous alloy, plastics and soybean meal led the rally in commodity market as investors considered that those ferrous alloys are undervalued compared to iron ore and rebar. Soybean meal got support from CME as too much rain in US Midwest 's delaying the harvest progress. Environment protection, Gardening and SOE Reform sectors remained hot in the recent week and incoming ECB policy meeting could offer more support to risky assets. Despite those supporting factors, we remain conservative on the height that SHA could reach in September, as 3100 presents too much pressure and it's also risky to hold too many positions in the mid-autumn holiday next week.

Also I found this intersting meetup group for Traders in SH.Welcome to join.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.