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CHAD (Direxion Daily CSI 300 China A Share Bear 1X Shares) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
A lot is happening in the China ETF space these days. Product closures, market rallies, and product development are making for an interesting opportunity.
Mainland Chinese economy shows signs of regaining growth momentum in November, with higher output, new orders, and improved business conditions. Business expectations remain below average, leading to job cuts for the third consecutive month.
Many questions directed at the government of China were about whether enough was being done to reinvigorate growth. It appears they're listening, adding more stimulus measures.
While high inflation is seen almost everywhere, the Chinese central bank, PBoC is more anxious about meeting the economic growth target. Year to date, it has been keeping policies supportive by cutting some of its key interest rates, including the medium-term lending facility (MLF) rate and loan prime rates (LPR).
The most recent macroeconomic figures show that the Chinese slowdown is much more severe than expected and not only attributable to the Covid-19 lockdowns. It is easy to use the Covid-19 lockdowns as the reason for the weakening of the Chinese economy but that would be a gross simplification.
It has been a month since Shanghai entered into lockdowns due to the Omicron outbreak. Looking at the A-shares market, this is earnings season, and we continue to track the performance of key listed companies and engage with them, despite the lockdowns.
Getting tactical allocation with inverse exchange-traded funds (ETFs) doesn't mean traders need to take on double or even triple the leverage. Direxion Investments has a pair of funds with single inverse leverage in the S&P 500 and China A-Shares.
China's property sector is not a growth driver of the Chinese economy, but a growth passenger. China's fiscal system also created incentives for local governments to favor housing market development.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.