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‘the front door is a border between the unpredictable and the serene’

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It is no surprise that it was its abundance of flora that first attracted florist, Florence Kennedy, founder of the flower delivery company, Petalon, to the Cornish farmhouse she now lives in with her family. “The wisteria was in bloom and curling around the building and there was columbine everywhere,” Kennedy says of her first visit to Scotland Farm, with her husband James in 2020. “Even though I was a London florist working with flowers every day, we didn’t have a garden at that point. So to be able to see flowers, even borderline weeds, outside the door was amazing.”

Four years later and what lies outside that door is even more appealing: an 85-acre working flower farm. While Petalon began life as a London florist with a hallmark of delivering flowers by bicycle, since the move to the north Cornish coast it has become an agricultural business; a B-corp certified, carbon neutral, regenerative flower farm, employing 13 people and delivering full bouquets of its own cultivated flowers, grown pesticide-free.

The early part of the season sees tulips, ranunculus, anemones and Icelandic poppies flourishing, before summer yields hundreds of flower varieties: Sweet William, xeranthemum, achillea, didiscus and dahlias, to name a few. On Petalon’s Instagram feed, Florence shares videos of the fields and beds and demonstrates her prowess with her hand-tied riotous bouquets to almost 60,000 followers.

At the same time as changing the business, Florence and her husband, James, Petalon’s co-director, have renovated the roughly 200-year-old, Devonian-slate farmhouse and its outbuildings, which lies between Newquay and Perranporth. They have turned a dark, damp space into a minimalist sanctuary, which helps them to better cope with the chaos of raising two small children as they battle the British seasons, coaxing seeds into blousy bouquets. “We’re a small business and we’re at the mercy of many changeable factors, including unpredictable weather,” says James. “We want the place where we live to feel as calm as possible.”

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A man is sitting at a wooden garden table in a courtyard on a sunny day. A woman is coming out of the building beside him, carrying a vase of flowers
The house, cowshed and dairy shed butt up against each other in a U-shape around a courtyard

It has required a lot of heavy-lifting to get there. For all its outward romance, the farm — the house, a cowshed and a dairy shed, which butt up against each other in a U-shape around a courtyard — was in a bad state when they bought it and had previously failed to sell at auction. The walls in the house were “squidgy” with damp, carpets were rotten, and the cowshed was roofless. “It felt like it had been loved once, but was on a break from that,” says Florence.

What might have been a more leisurely renovation and move became more urgent when the lease of their home in east London came to an end at the same time as the 2020 lockdown began. James, who had integrated his own business manufacturing bicycles into Petalon before joining permanently, had done short courses in plastering and carpentry and put them to immediate use, with help from his father.

A kitchen featuring a black cast iron stove inset with black and white tiles, set into a stone chimney breast
James removed a damp plasterboard wall and uncovered this Victorian cast iron stove, complete with tiling
A woman kneels beside a wooden coffee table in a neutral room, where floor, ceiling and walls are all blonde in colour. An Old English bulldog is lying under the table
There is very little freestanding furniture in the house, and no artworks on the walls

Working long hours and sleeping upstairs on a mattress, over three weeks he made it liveable enough for the couple and their two small children to move in. “It was mostly a matter of taking down and throwing away rather than building,” he says. “Stuff needed removing, cleaning and pulling out. If you looked at it as a floor plan, you realised it had a good shell, so that’s what we had to focus on.”

There were some surprises along the way. While planning to put in a new kitchen in what had been a grotty downstairs bathroom, James removed a wet plasterboard wall from above the bath and uncovered a black and white tiled surface. “An enormous Victorian cast iron stove suddenly appeared, complete with all the tiling,” he says of what is today a statement feature in the house.

Another notable discovery under carpet and boards was a large slab of stone with a rotating handle, which turned out to be a 15m-deep water well. Now in the floor of what has become their boot room, it has been illuminated and covered by reinforced glass. “You can walk over it, but most people prefer to walk around,” says James.

An Old English bulldog sits on a deep window sill in a large, uncluttered room.The only furniture is a dining table and chairs
Juno the dog in the dining room, where the table is made from raw-edged wood, sourced locally

Completing the main house took three years. Making it damp-proof, energy-efficient and light-filled were the priorities. Aesthetically, it was informed by architecturally interesting conversions of old buildings, including Hauser & Wirth’s farm-turned-gallery in Bruton, Somerset. “I’m an architecture graduate and we’ve both always shared a love of buildings that retain their original exterior but become something completely different inside,” Florence says. “We wanted to work with the character of the old building to create space and light out of somewhere that historically would have felt dark and damp,” adds James. “That meant more windows, fewer walls and light-coloured walls and flooring throughout.”

Their vision of blonde modern minimalism reaches its zenith in the cowshed, now integrated into the house via a short set of deep steps. “You get that changing gradient as you go through and it suddenly opens up into a big, light space,” says James. He refers to it as “the birch plywood dream”, having used this material as a second skin on the walls to improve insulation and to install a mezzanine in the former hayloft — used as a playroom for the kids, which opens on to a field and vegetable patch. The rest of the space is useful for entertaining and also incorporates two guest bedrooms and a laundry room.

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The old dairy is now used for drying flowers (and wetsuits) — this year for the first time, Petalon will sell Christmas wreaths using their own grown and dried product. A timber and galvanised steel cabin, built by James last year, overlooks a meadow and is now Florence’s office. The walls are lined with cork board so she can pin her seed and planting plans.

A warmly lit bedroom, with a metal framed double bed, a cane chair and unpainted wooden fitted cupboards
One of the bedrooms with wooden fitted cupboards
A room with a pitched roof and featuring a corner sofa made from birch ply and upholstered in orange material, and a small modern rocking-horse
A mezzanine in the former hayloft is used as a playroom for the kids

Having stripped everything back and imposed straightness and right angles on previously wonky surfaces, organic elements have been reintroduced throughout the house. Raw-edged wood is used on deep window sills, shelving units, cupboard doors and the kitchen table — all cut and milled from Cornwall’s trees, including Macrocarpa. “We probably have three or four people that we can call who will have big, interesting pieces of wood,” says James. “It gives you a scale you don’t get with manufactured furniture, which has an interesting impact visually.”

But as far as furniture goes, that’s almost it. The couple say they can count on their fingers the number of freestanding objects they have in the house. They dislike artwork on the walls. If you’re looking for that cluttered, countrycore vibe, you will not find it here. “In many ways, it’s a traditional farm. The fields surround us and most days we’re working in them,” says James. “We’re stepping out of the door and we’re in it, so that door needs to be a border between the unpredictable and the serene.”

A woman in jeans is walking across a courtyard, carrying a box full of flowers. She is turning towards the camera, and laughing
Florence planted her first seed four years ago: ‘There is so much I am still learning, so for the house to be unbusy is so helpful’

“It calms my brain so much,” says Florence. “There are so many different aspects of the job that I’m still learning — I only planted my first seed four years ago — so for the house to be unbusy is just so helpful.” Besides, they’re dealing in a product that provides a variety of colour and vibrancy for most of the year — with a growing season that is only going to lengthen. “It’s great to have a neutral space for the flowers to really shine in,” says Florence. “In many ways, the flowers are the artwork here.”

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It feels nothing like ‘fine dining’, but Copenhagen’s Kadeau is a true gift 

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For much of its long and fascinating history, Denmark was of little interest to food lovers. Its contribution to world cuisine comprised industrially produced bacon, some nice butter and the endless amusement provided to adventurous culinary travellers by spunk, salty liquorice sweets available in little boxes in every corner store.

In 2003, things changed. A young chef called René Redzepi opened Noma in Copenhagen and led a deeply photogenic movement towards an almost Japanese presentation of ingredients that were exotic and tempting, not because of their price, but because they’d been locally foraged. “New Nordic cuisine” was born, entirely novel and fully disconnected from the classical French canon.

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Copenhagen quickly became a destination for a new international Foodie Jet Set. Sure, food lovers had always travelled. Paris, Lyon, Florence or Barcelona had long attracted those interested in the finest executions of the great cuisines of Europe. People would make an effort to go to El Bulli or The French Laundry, but Copenhagen was something new. It sprang into being as a “foodie destination” on no rootstock older than Redzepi’s odd vision.

Noma was recognised early by the two self-appointed arbiters of International Fine Dining. Michelin originally rated food for the French, then naturally became essential for foreign visitors to France and finally pronounced on fine dining across all traditions and all territories. In 2002, the upstart The World’s 50 Best arrived with the bold intention of judging the entire culinary world on their own new criteria of fine dining. Both recognised immediately what was going on in Copenhagen and seized upon it. Ironic, really, considering Noma’s fabulous ethos of hyper-localism, that it should become ground zero for an entirely globalised phenomenon.

Today, Copenhagen is one of the most enjoyable places in the world to eat. It does gastronomy like Florence does art. It seems like every sandwich wagon and corner bakery is run by bright-eyed kids who staged at Noma. The quality of mid-range eating is stupendous and refreshingly international. But here, we are also at the beating heart and the bleeding edge of modern fine dining.

I visited two restaurants in Copenhagen. Koan is run by a Danish/Korean chef and has two Michelin stars. As you may remember from my review this summer, the 17-course tasting menu was exceptional, but readers may recall a discomfitingly assertive upselling of champagne. It was easy to class as modern international fine dining. But did I love it? On balance, no. The effort undermined the pleasure.

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Kadeau is a different proposition. On the ground floor of a residential building in the old docks area of Christianshavn, it’s on a seductively humane scale. I counted about a dozen tables and at least as many staff as customers. The kitchen isn’t just “open” but runs continuously into the dining room. There is no stainless steel in sight. In fact, unless you look really closely, there’s no evidence of any professional kit. The chefs work quietly, but there’s a warm buzz creating an unusual atmosphere of very Danish domestic hospitality. This is not what I expected.

The food, foraged from the chefs’ home island of Bornholm, is stellar. Completely unique celebrations of ingredients I had never encountered, in combinations I could never have imagined. Fourteen courses (of course), but also probably a dozen moments of genuine delight. As with any multicourse menu there’s too much to describe in detail but, as an example, I’ve never had a piece of salmon cold smoked first, with cherry wood, then hot smoked just before serving — serving that involves bringing the perfectly formed tail fillet to the table on a board then digging out only the meat from the core and presenting it in a lavender-scented butter broth. The flavour combination is breathtaking, but the understanding of smoke, heat and fish flesh, the depth of knowledge and respect for the ingredients, leaves me lost for words.

To bring raw fjord shrimp to the table would be satisfying enough, but to wrap five of them in separate “leathers” of tomato, rose, cherry leaf, plum and strawberry is both audacious and the work of a fine mind.

The floor staff, individually assigned to tables, present a precise balance of friendly and efficient. I loved it, self-evidently. It was a dining experience that produced joy by any standards or criteria. But with no tablecloths, no fawning, a deliberate informality and careful avoidance of the old-school signifiers or tropes, isn’t this the antithesis of fine dining?

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In the absence of an aristocracy to which I can aspire, this is exactly how I imagine a self-made billionaire genius with a social conscience, a disarmingly humble and democratic ethic, a taste for modest Danish/Japanese design and humbling generosity might live and eat, and, God knows, I find myself willing to pay for it — though it comes in close to £500 per head with a couple of glasses of wine. This is going to be as fine a dining experience as I’m ever going to have. It doesn’t “feel” like fine dining, by any of the old standards . . . but it’s only available to a self-selecting set and conforms to a code that increasingly only they can experience and understand. I love it because, uniquely in my experience, it expresses the peak of cooking and the essence of hospitality.

I can’t afford to stay here in Copenhagen, no matter how much I’d like to. I need to get back to London to find out if we can do this at home.

Kadeau

17 Kadeau Copenhagen, Wildersgade 10 B, 1408 Kbh K; kbh@kadeau.dk; +45 33 25 22 23

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Menu: DKr3,500 (£390)
Wine pairing: DKr2,200 (£250)

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Fighting for stability in a sea of speculation

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Fighting for stability in a sea of speculation
Illustration by Dan Murrell

In a world of constant tax policy changes, I find myself inundated with queries from clients increasingly worried about how to plan for their future with confidence.

The most significant talking point at the moment is chancellor Rachel Reeves’ first Budget, due at the end of the month.

Year after year, governments introduce new policies affecting pensions, tax allowances and other frameworks.

These continuous adjustments create uncertainty and make it hard for clients to feel secure in their long-term financial plans.

The constant media speculation just amplifies this anxiety, and it’s happening much more frequently.

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For example, in June, prime minister Keir Starmer made a misstatement regarding tax-free cash reductions, which was corrected by the Labour PR machine just hours later.

Headlines that Reeves was being “urged” to reduce tax-free cash do not tell the whole story

The media had already jumped on the story, however, exacerbating concern.

Missteps like this are unfortunate but the 24/7 nature of the media has made the situation worse.

Reporting on opinion from organisations like the Institute for Fiscal Studies just fuels the fire, as seen recently following its suggestion pension tax-free cash may no longer be sustainable.

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Headlines that Reeves was being “urged” to reduce tax-free cash do not tell the whole story.

The speculation has led some clients to consider withdrawing their tax-free cash early from a pension regime, despite it not being in their best interest, simply to seek stability.

I’m sure many advisers routinely deal with these sorts of panicked queries.

While politicians and media speculate, we play a key role in providing stability

Many clients, especially those nearing retirement, have felt unsettled about a new left-leaning government, which may not necessarily align with their political views.

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Speculative news stories about changes to tax-free cash, inheritance tax (IHT) or even the introduction of a wealth tax are enough to cause panic.

As an adviser, I cannot say such things won’t happen, but I do explain I believe changes as monumental as a wealth tax or even altering IHT (largely unchanged for 40 years) would likely take years to introduce, if they ever happen at all.

Clients begin to wonder if they should act pre-emptively. But it’s important to remind them that even if certain policy changes, like IHT on pensions, were known, the advice might not change.

Short-term revenue gains from frequent changes undermine this goal

Advisers understand not every political shift or proposed tax change will have a direct impact on a client’s long-term goals, and it’s critical to stay focused on the bigger picture.

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While politicians and media might speculate, we play a key role in providing stability.

We may not always feel it, but I believe we can nudge policy in the right direction by participating in discussions with institutions like HM Revenue & Customs or the Treasury and through consultation papers.

For instance, the Finance Act at the end of the last tax year abolished the lifetime allowance.

While then-chancellor Jeremy Hunt made the initial decision, input from industry professionals, including myself, helped tweak and adjust the legislation, which could have been worse due to HMRC’s misunderstanding of its implications.

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The speculation has led some to consider withdrawing their tax-free cash early, despite it not being in their best interest

That said, amendments to the legislation are still needed.

Our voices need to be heard to ensure policies are crafted with long-term benefits in mind.

Since pension “simplification” in 2006, there have been dozens of other significant changes. This constant tinkering has eroded confidence in pensions for many people. A lack of confidence can leave future generations poorer and more reliant on government support, which could create even bigger problems.

Ultimately, governments should focus on creating stability in tax policies and encouraging people to save for the long term.

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Short-term revenue gains from frequent changes undermine this goal. While advisers will continue to help clients stay grounded, a more consistent, thoughtful approach from the government is needed.

Alistair Cunningham is financial planning director at Wingate Financial Plan

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Fiji Airways to expand Adelaide service

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Fiji Airways to expand Adelaide service

The airline’s Boeing 737 Max aircraft feature eight seats in the business class cabin

Continue reading Fiji Airways to expand Adelaide service at Business Traveller.

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Should banks make money from your financial data? 

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Financial companies including credit card issuers, banks and payment processors sit on a huge trove of their customers’ data. And they are increasingly seeking to monetise it. Companies including PayPal, Chase US and Revolut are moving to partner with advertisers to offer “transaction-enabled” marketing campaigns.

Meanwhile, customers are increasingly privacy conscious. Clients of UK financial services are also able to ask companies if they are using and storing their personal data, and request copies of this information under the Data Protection Act.

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How do you feel about financial companies using your sensitive information to make money? Have you ever sent an access request to your bank or other financial institution asking for details of how they use your data? Have you ever encountered any issues with the use of your information or had a related dispute with a company?

FT Money would like to hear about your experiences. Please contact us in confidence at akila.quinio@ft.com

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Key Winter Fuel Payment dates explained including final deadline to apply and when payments land in bank accounts

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Full list of benefits that can get £300 Winter Fuel Payment including housing benefit and income support

STRUGGLING pensioners can now start to apply for up to £300 of cash handed out through the Winter Fuel Payment.

Most households do not need to apply and will automatically be paid the cash.

You can now start applying for the Winter Fuel Payment for 2024

1

You can now start applying for the Winter Fuel Payment for 2024Credit: Getty

However, a select group of people who are eligible need to apply in order to get the benefit.

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If you live in England or Wales and were born before 23 September 1958, you will automatically receive the Winter Fuel Payment if you receive any of the following benefits:

  • Pension Credit
  • Universal Credit
  • Income Support
  • income-related Employment and Support Allowance (ESA)
  • income-based Jobseeker’s Allowance (JSA)
  • Child Tax Credit
  • Working Tax Credit

However, anyone who lives abroad and qualifies for the Winter Fuel Payment will need to apply for it.

Read more Winter Fuel Payment

You can qualify if you live abroad in certain countries and the following conditions apply:

  • You moved to the eligible country before January 1, 2021
  • You were born before September 23, 1958
  • You have a genuine and sufficient link to the UK – this can include having lived or worked in the UK and having family in the UK

You will need to claim Winter Fuel Payment even if you have got it before. The payment is not made automatically when you live abroad.

The eligible countries you can live in and claim are:

  • Austria
  • Belgium
  • Bulgaria
  • Croatia
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • Germany
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Netherlands
  • Norway
  • Poland
  • Romania
  • Slovakia
  • Slovenia
  • Sweden
  • Switzerland
Watch moment Keir Starmer is humiliated by winter fuel rebellion at the Labour Party conference

Postal applications

Anyone living abroad and looking to apply households can now apply via post. You need to fill in the winter fuel payment claim form and post it to the Winter Fuel Payment Centre.

The form is available at gov.uk/winter-fuel-payment/how-to-claim.

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The address to post to is:

Winter Fuel Payment Centre
Mail Handling Site A
Wolverhampton
WV98 1ZU
UK

Phone applications

You can also apply for the benefit by phone but not until October 28.

If you think you qualify and want to make an application this way, make a calendar note in your phone.

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You will need to phone the Winter Fuel Payment Centre on +44 (0)191 218 7777.

When will the Winter Fuel Payment be made?

Most payments are made automatically in November or December.

If you qualify, you’ll get a letter telling you:

  • How much you’ll get
  • Which bank account it will be paid into

Payments are £200 for eligible households or £300 for eligible households where someone is aged over 80.

Deadline for claims

If you do not get a letter or the money has not been paid into your account by January 29, 2025,  contact the Winter Fuel Payment Centre.

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The deadline for you to make a claim for winter 2024 to 2025 is 31 March 2025.

Applying for Pension Credit

You will qualify for the Winter Fuel Payment if you qualify for selected means-tested benefits, most notably Pension Credit.

Hundreds of thousands of households are eligible for this benefit but aren’t claiming and are now set to miss out on the Winter Fuel Payment as a result.

You will need to have been claiming Pension Credit in the ‘qualifying week’ of 16 to 22 September 2024.

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However, claims can be backdated by three months meaning you have until December 21 to make a claim and still get the Winter Fuel Payment.

Pension Credit tops up your weekly income to £218.15 if you are single or to £332.95 if you have a partner.

If your income is lower than this, you’re very likely to be eligible for the benefit.

However, if your income is slightly higher, you might still be eligible for pension credit if you have a disability, you care for someone, you have savings or you have housing costs.

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You could get an extra £81.50 a week if you have a disability or claim any of the following:

  • Attendance allowance
  • The middle or highest rate from the care component of disability living allowance (DLA)
  • The daily living component of personal independence payment (PIP)
  • Armed Forces independence payment
  • The daily living component of adult disability payment (ADP) at the standard or enhanced rate.

You could get the “savings credit” part of pension credit if both of the following apply:

  • You reached State Pension age before April 6, 2016
  • You saved some money for retirement, for example, in a personal or workplace pension

This part of the pension credit is worth £17.01 for single people or £19.04 for couples.

Crucial to claim Pension Credit if you can

HUNDREDS of thousands of pensioners are missing out on Pension Credit.

The Sun’s Assistant Consumer Editor Lana Clements explains why it’s imperative to apply for the benefit..

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Pension Credit is designed to top up the income of the UK’s poorest pensioners.

In itself the payment is a vital lifeline for older people with little income.

It will take weekly income up to to £218.15 if you’re single or joint income to £332.95.

Yet, an estimated 800,000 don’t claim this support. Not only are they missing on this cash, but far more extra support that is unlocked when claiming Pension Credit.

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With the winter fuel payment – worth up to £300 now being restricted to pensioners claiming Pension Credit – it’s more important than ever to claim the benefit if you can.

Pension Credit also opens up help with housing costs, council tax or heating bills and even a free TV licence if you are 75 or older.

All this extra support can make a huge difference to the quality of life for a struggling pensioner.

It’s not difficult to apply for Pension Credit, you can do it up to four months before you reach state pension age through the government website or by calling 0800 99 1234.

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You’ll just need your National Insurance number, as well as information about income, savings and investments.

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Retail investors can sustain China’s market bounce

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There has been only one trading day this week in China. But no matter: that one day more than made up all the losses for this year.

Global investors are betting on China for a rebound, more than three years after they shunned the market as regulatory crackdowns hit the country’s biggest tech groups. Chinese markets are closed for most of the week for the so-called Golden Week holiday, as the country celebrates the 75th anniversary of the founding of the People’s Republic. On the last day of trade before the holidays on Monday, the benchmark large-cap CSI 300 index rose 8.5 per cent, joining in the festive mood with the biggest daily gain since 2008.

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Still, investor sentiment remains fragile, especially among foreign investors. Industrial profits at large Chinese companies fell 17.8 per cent August, their first decline in five months, reflecting the ongoing economic slowdown. Producer prices have been falling since 2022, adding to deflation concerns.

That is reflected in the stock market: the CSI 300 index trades at just 12 times forward earnings, a significant discount to global peers. Earlier this year, that figure for the Shanghai Stock Exchange hit its lowest level in a decade.

Line chart of CSI 300 index, Chinese renminbi showing A golden week for China's stock market

Even at rock-bottom valuations, investors have continued to stay away. Over the past three years, shares have fallen 45 per cent peak to trough. During this time, investors have been disappointed as every small rebound was followed by a bigger decline. A revival in domestic demand — consumption accounts for more than half of China’s GDP — remains the biggest hurdle to reviving investor confidence and starting a lasting recovery for Chinese stocks.

The difference now is that the weakness in economic data had become too serious for Beijing to ignore. As recent data moved further away from the goal of 5 per cent growth this year, Beijing has made a rare, aggressive pledge to support an economic recovery through stimulus efforts, including $114bn in new funding facilities for stock purchases and cuts in borrowing costs. Given the ongoing property sector downturn, it is unlikely that economic data has bottomed. That means yet more government support measures can be expected in the coming months.

That may not be enough to win over battered foreign investors. But it will help bring back more retail investors — 200mn locals who account for 80 per cent of the total trading volume. That should at least be enough to give depressed markets a decent, near-term boost.

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june.yoon@ft.com

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