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China options traders more bullish

Momentum has turned, say fund managers, with surprise interest rate cut and Shanghai-Hong Kong exchange link

"The market's hand is off the risk-off button and now leaning firmly on the risk-on button. We don't think we're going to get a hard landing as there would be a lot of stimulus. The stock connect is a landmark development." - Sam Le Cornu, senior portfolio manager at Macquarie Funds Management in Hong Kong

OPTIONS traders keep finding new reasons to get bullish on Chinese stocks. First an acceleration in government spending sent the biggest Chinese exchange-traded fund in the US to a three-year high in September. After that rally faded, bulls turned their attention to the Shanghai-Hong Kong

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