Interest rate cut! China's 1-year and 5-year LPRs were lowered by 10BP on July 1st. How will the market develop in the future?
The one-year LPR for July is 3.35%, and the LPR for more than five years is 3.85%, both down by 10 basis points from the previous value.
HK stocks in motion: CRRC Corporation (01766) rose by over 4% during trading hours after being reviewed for inclusion in the FTSE China A50 index for the June quarter.
CRRC Corporation (01766) has risen more than 4% during trading, as of press time, it has risen by 2.95% to HKD 4.89, with a turnover of HKD 64.3229 million.
FTSE China A50 Index adjustment: inclusion of Cosco Shipping Holdings (601919.SH) and CRRC Corporation (601766.SH).
On June 5th, FTSE Russell announced changes to the index review for the FTSE China A50 index. The change will come into effect after the market closes on June 21st.
JPMorgan Favors Low-Cost Options for Potential China Rebound
It's boiling! Hong Kong's A-shares are booming, the RMB is rising, the Securities Regulatory Commission continues to gain weight, and the national team is entering the market. Are there any signs of bottoming out?
The pre-holiday rebound is here!
The level of economic sentiment is picking up! The manufacturing PMI in January was 49.2%, and the non-manufacturing PMI was above the critical point
On January 31, data released by the National Bureau of Statistics showed that China's official manufacturing PMI for January was 49.2, up 0.2 percentage points from the previous month; the non-manufacturing business activity index was 50.7%, up 0.3 percentage points from the previous month, higher than the critical point; and the composite PMI output index was 50.9%, up 0.6 percentage points from the previous month.
Pinkki_doll : Not a good thing, will become less volatility.
MrM OP Pinkki_doll : Not good for short term traders. Good for long term play.
Pinkki_doll MrM OP : For a healthy market, they should not doing this. Like US market, they can keep break new high not because they have many rules on it. China set this kind of rules, just let the foreigner leave their market. Today I can set this rule, tomorrow I can set another rule. No freedom at all.
MrM OP Pinkki_doll : Nope it works in terms of boosting the stock market. Look at South Korea, their stock market rally with short selling ban.