Chinese Stocks Rally in Hong Kong After Beijing Cuts Key Rates

  • 📰 WSJ
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Chinese stocks listed in Hong Kong jumped, with rate cuts by China’s central bank sparking a strong rally in the shares of companies from property developers to the country’s internet giants

“People are taking the view that China will do more to stimulate its economy,” said Justin Tang, head of Asian research at United First Partners, a boutique hedge-fund advisory firm. He added that rate cuts were taken by some investors as a signal to scoop up beaten-down stocks that earlier sold off sharply.

However, the run-up wasn’t matched by onshore Chinese markets, suggesting domestic investors in China were less impressed by the central bank’s action. The Shanghai Composite Index closed about 0.1% lower and the CSI 300 index gained just 0.9%. On Wednesday, Reuters reported that Chinese authorities could introduce new rules on developers’ access to funds held in escrow as soon as this month.

Real-estate companies have to deposit a large share of the payments they receive for unfinished properties into these accounts, which are managed by local governments. In recent months, authorities have been tough about releasing funds from these accounts, adding to developers’ cash-flow problems.that it would join the lengthening list of Chinese developers that have defaulted on their dollar debts.

Despite the surge this week in property stocks and bonds, debt from many developers is still trading at deeply distressed levels. Several bonds from weaker developers, including Aoyuan and

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

Hong Kong stock market been jumping from cliff during the past few years.

Jesus says: My blood is to forgive you 1 John 1:7 And what saves you is love to serve the hungry the naked the sick in Mt 25:34 with the tithe of every 3 years of Deut 26:12 And supper on the 7 days of the passover of Ex 12:15 And the wicked go to hell in Mt 25:41 and Eze 16:49

Wow alibaba is life tike opportunity to load today

I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent SamAndCoTradin guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet him now and also be a beneficiary of good work

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 98. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว