Shanghai Composite Index – Page 3 – Charm

Hong Kong stocks up 7.3% in 3 days as stimulus rally carries on

Cs news4 months ago02 mins

Hong Kong stocks climbed for a third day to a fresh four-month high as the stimulus rally continued, but local developers declined amid New World Development’s trading suspension. The Hang Seng Index jumped 2.3 per cent to 19,572.45 at local noon trading break, the highest level since May 20. The Tech Index surged 4.2 per…

PBOC to set up US$71 billion swap facility to prop up stock market

Cs news4 months ago4 months ago02 mins

The People’s Bank of China (PBOC) plans to set up a swap facility that would give non-bank financial institutions access to at least 500 billion yuan (US$71 billion) in funding to buy shares, in a surprise move aimed at stabilising the stock market. However, some analysts called for more drastic action to shore up investor…