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China Central Economic Work Conference: A Key Indicator for Future Market Trends
Tonight, Chinese concepts soared! The nasdaq Golden Dragon index surged by 10%, while fangdd network doubled directly.
Some analysis indicates that the Political Bureau meeting first mentioned stabilizing the stock and real estate markets, and the US stock market quickly rallied on china assets. The 3x Long FTSE china etf surged over 26%, the 2x Long china internet plus-related stocks rose over 22%, the 2x Long FTSE china 50 ETF increased over 17%, and the 2x Long 300etf gained nearly 15%.
China Will Adopt a "Moderately Accommodative" Monetary Policy in the Next Year, The First Shift to Easing Since 2011
Graphex Group Plans Share Consolidation and Lot Size Change
graphex group (06128.HK) plans to consolidate shares in a "5-in-1" manner and issue shares in the ratio of 1 to 3 after the consolidation.
Gelonghui, December 3rd丨The graphex group (06128.HK) announced that the board of directors proposed a share consolidation, whereby (i) every five (5) shares with a par value of HKD 0.01 of the issued and unissued shares will be consolidated into one (1) share with a par value of HKD 0.05. The share consolidation is subject to approval by the shareholders at a special general meeting through voting. The board of directors proposes that once the share consolidation is effective, the trading unit on the Stock Exchange will change from 2,000 shares to 10,000 consolidated shares. The board of directors proposes to reduce the company's authorized share capital from 30.
Express News | Graphex - Proposed Rights Issue on Basis of 3 Rights Shares for Every 1 Consolidated Share to Raise HK$119.7 Mln
