After a yearlong regulatory crackdown that wiped out trillions of dollars from Chinese equities, investors are on high alert for the risk of more policy change as the Communist Party kicks off a major convention this week.
With President Xi Jinping looking to lay the groundwork for the Party Congress next year that should extend his term, the plenum is seen as a chance for him to reinforce his current common prosperity push or even usher in new policies that reverberate through equities.
There is no shortage of sectors that could see sharp price moves from the event. Technology and gambling giants are still licking their wounds following regulatory curbs on monopolistic practices and ownership control. Energy suppliers are racing to prepare for winter amid shortages. Property developers remain deep in a debt crisis.
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