值得一提的是，一个月前Jen曾表示，随着美国降息，中国企业可能会出售1万亿美元的美元计价资产，此举可能会使人民币升值10%。在中国政府推出大规模刺激措施后，包括亿万富翁大卫-泰珀（David Tepper）在内的投资者也纷纷表示看好中国。Investors are very indifferent to everything in China, the value of Chinese stocks is severely underestimated, so it is entirely possible to see a significant rebound.
Stephen Jen, from the UK hedge fund Eurizon SLJ Capital, believes that the Chinese stock market and the Renminbi have risen recently due to stimulus policies, and investors should continue this upward trend.
The Chief Executive Officer of Eurizon SLJ in London said in a report to clients last Friday, "Investors view everything about China with great optimism, the value of Chinese stocks is extremely undervalued, so there is a real possibility of a significant rebound."
It is worth noting that a month ago, Jen had indicated that with the US rate cut, Chinese companies may sell $1 trillion worth of USD-denominated assets, potentially leading to a 10% appreciation of the Renminbi. Following the significant stimulus measures implemented by the Chinese government, investors, including billionaire David Tepper, have expressed optimism towards China.
The broad loosening of policies drove the CSI 300 index to achieve its largest increase since 2008 last week. However, in Bank of America's September survey of global fund managers, 19% of respondents identified 'shorting Chinese stocks' as one of the most popular trades.
"With China intensifying stimulus efforts alongside the US Fed rate cuts, coupled with the ongoing decline in oil prices, risk assets are likely to perform very well," according to Jen.
He added, 'After the US election, I expect global stocks to rebound strongly until the end of the year.'
Jen has served as the global currency research director at Morgan Stanley, he is the founder of the "Dollar Smile" theory, which believes that the dollar will appreciate when the US economy is thriving or in deep recession. He expects that as US inflation continues to decline, and the world's largest economy experiences a "soft landing," the exchange rates of the dollar against the euro, yen, and renminbi will decrease.
When discussing the impact of the return of Chinese assets, Jen once said:"Imagine an avalanche, the renminbi will appreciate, and it is likely to be allowed to appreciate -- 5% to 10% would be moderate and acceptable for China."
Related reading:How do Hong Kong investors trade A shares
Editor/ping