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New policies emerge. Is the second wave of Chinese concept stocks rising?
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$SSE Composite Index (000001.SH)$ Pan Gongsheng delivered a ...

$SSE Composite Index (000001.SH)$ Pan Gongsheng delivered a keynote speech on October 18, 2024.Financial Street HoldingsThe keynote speech at the forum annual meeting was titled "High-Quality Development and the Dynamic Balance of the Chinese Economy." Pan Gongsheng stated that since the introduction of a package of policies, both domestically and internationally, have given positive reviews, effectively boosting social confidence. On September 27, the People's Bank of China (referred to as the "central bank") has already loweredReserve requirement ratioRate by 0.5 percentage points, expecting to further lower the reserve requirement ratio by 0.25 to 0.5 percentage points before the end of the year to address liquidity conditions.Market
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  • 101885478 : Clearly it is a policy stock, fundamentally it is the rational and compliant🈹 way for retail investors to convert their losses, as the government/local debt pressure is enormous.

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