2023 was unkind to the Chinese market, marred with an ongoing property crisis and a patchy recovery from the nation’s strict three-year COVID-zero policy. Further compounding these issues, foreign direct investment reached a 23-year low as companies sought to diversify away from China amid heightening tensions and diminished confidence resulting from major tech crackdowns from late 2020 to 2022. While both the Hang Seng Index (HSI) (^HSI) and the Shanghai Stock Exchange Composite Index (SSE) (SSE: 000001) lagged, the global market index, MSCI World Index, has significantly outperformed both within a year. This disparity was most clearly outlined in early January this year when the Shanghai and Hong Kong markets plunged to their 52-week lows. Source: S&P Global Market Intelligence However, April marked a turning point for both markets. China reported a strong first-quarter GDP growth of 5.3%, beating market expectations. Additionally, the government has also recently introduced several market policies that helped lift market sentiment....