Selling on the bid: 99SMART-CF, CIMB-C1T, MAYBANK-C1P, MRCB-C1K, MYEG-C7D, PBBANK-C1H, RHBBANK-C57, YTL-C89, YTLPOWR-C60, HSI-HWJ and HSI-HZU
We are looking to sell limited quantities of these warrants at the bid price when their respective underlyings are trading towards the bottom of the live matrix. For the opportunity to buy these warrants at the current bid prices, please proceed to queue at the bid.
Please note that the decision to fill individual orders and the quantity to sell at the bid price is at our sole discretion. Contact us at 03-2059 8840 if you have any questions.
📌 Check out their live matrix here:
PBoC announces a slew of measures that sends the HSI rocketing
• At 9AM this morning, the Peoples' Bank of China (PBoC), along with the CSRC and NFRA, announced stimulus measures including a 0.5% cut in banks' reserve ratio, a 0.2% reduction in the 7-day reverse repo rate to 1.5%, and a drop in down payment ratios for second homes from from 25% to 15%.
• The PBOC will also expand its relending program for banks as part of its housing recovery plan. PBOC governor Pan Gongsheng said it will provide money worth 100% of the principal of bank loans given to regional state-owned enterprises to buy unsold homes at reasonable prices, up from the initial 60% when the program launched in May.
• On the back of these announcements, the HSI September futures has opened 1.8% higher to 18,598 as of 10.03am this morning.
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