China's Li Said China Will Continue To Expand Market Access, Comprehensively Optimize Business Environment
Portfolio Pulse from Charles Gross
China's Premier Li Keqiang has announced that China will continue to expand market access and comprehensively optimize its business environment, according to Reuters. This could potentially impact US-listed ETFs such as FXI and SPY.
August 21, 2023 | 11:43 am
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POSITIVE IMPACT
China's market expansion and business environment optimization could potentially impact the iShares China Large-Cap ETF (FXI).
As FXI tracks the investment results of an index composed of large-capitalization Chinese equities, any changes in China's market access and business environment could potentially impact the ETF's performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
China's market expansion and business environment optimization could potentially impact the SPDR S&P 500 ETF (SPY).
As SPY tracks the performance of the S&P 500 Index, any significant changes in China's market could potentially impact the global economy and, in turn, the performance of the S&P 500 and SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60