Hong Kong stocks surge over 3% as PBOC announces a slew of policy easing measures in rare briefing

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

News News

United States United States Latest News,United States United States Headlines

The People’s Bank of China has announced that it will reduce the reserve requirement ratio by 50 basis points, among other measures.

The mainland Chinese CSI 300 was up 2.4% after the decision, also powered by consumer non-cyclicals.for banks by 50 basis points, although it did not provide a specific timeline. It also announced it would cut the seven-day reverse repurchase rate from 1.7% to 1.5%.Sign up for NBC Philadelphia's News Headlines newsletter.

Other measures also include reducing down payments for second homes, as well as 1 trillion yuan of long-term funds." as"a big bang to boost investor confidence in market."This 29-year-old millionaire says work-life balance is ‘just a myth' if you want to achieve extraordinary things

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 569. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines