Both Hong Kong and u. S. stocks experienced a round of declines on Monday, with the Nasdaq china golden dragon index closing down 14.43% on Monday. But JPMorgan Chase & Co, a Wall Street bank, remains firmly bullish on Chinese stocks, believing that now is a good time to buy. On Monday, Marko Kolanovic, JPMorgan Chase & Co's chief global market strategist, wrote in a client note that the rapid decline in Chinese stocks was out of line with fundamentals and that the sell-off provided buying opportunities for equity investors. "We think this is a good [buying] opportunity, given China's expected recovery in economic growth and monetary and fiscal stimulus," Kolanovic said. He also mentioned that China's latest third-quarter GDP and other economic data are a pleasant surprise.