$BABA-W (09988.HK)$A lot of people were skeptical about the ...

$BABA-W (09988.HK)$A lot of people were skeptical about the policy meeting this morning. And many still probably skeptical how sustainable it would be on stocks. The PBOC’s swap facility allowing securities firms, funds and insurance companies to tap liquidity to buy stocks might just be the one that will get the engine firing up again. Perhaps we will see BABA @ HKD100 before their national holiday.