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China Signals Major Policy Shift: Hang Seng and Chinese Stocks Rally on Easing Measures

Moomoo News ·  Dec 9, 2024 15:38

Hang Seng index up more than 2% as U.S.-listed shares of Chinese firms rise in overnight trading, with YINN rising over 11%.

China's top leadership, led by President Xi Jinping, announced a shift to a "moderately loose" monetary policy for 2024, marking the first change in 14 years. They also plan to implement a "more proactive" fiscal policy. This indicates a move towards greater economic easing, which is likely to be welcomed by investors seeking more stimulus.

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