Today is the Children’s Day (June 1st) in China. Yesterday, a shopping mall displayed couple dolls in the front gate to attract the kids, but the management team there would not expect it will create a drama which floods China’s investors community. Why? Because these dolls include two bears, and more importantly, those bears face the building of CSRC (China Securities Regulatory Commission).
This picture is widespread in China’s social media such as Wechat and Weibo. People make fun of it and deem “it’s a strong indicator to suggest the A share is in a bear market”. But, the most funny thing comes later. It’s rumor that CSRC called the shopping mall and asked them to turn those bears to other direction. The shopping mall apparently listened to CSRC and turn the bears to another direction, but unfortunately then the bears point to the building of another financial institution: Bank of Communications. Then the shopping mall got a complaint call from the bank! Well, so what the shopping mall should do? In this morning, the mall replaces the bears with monkeys (this year is the year of Monkey in China). The bears are moved to the base floor in the mall, where he has no chance to face any financial institutions 🙂
As we all know Monkey like to jump upside down, so maybe that indicates the A share market will be very volatile this year? Who knows. Ironically, the China A share made a huge gain (3%) yesterday before the bears are replaced. A broker, CLSA, publishes a Feng Shui report every year. That tells you faith and believe have a huge market in the China investors market.