10 trillion debt-for-equity swap, real estate tax policies will be introduced in the near future... One article to understand the NPC press conference
Starting from 2024, China will allocate 800 billion yuan from the annual increase in local government special bonds for five consecutive years, specifically for debt restructuring, with a cumulative potential to replace 4 trillion yuan in hidden debt. In addition, with the 6 trillion yuan debt ceiling approved by the National People's Congress Standing Committee this time, it will directly increase local debt resources by 10 trillion yuan.
U.S. stocks anomaly: gulf resources rose by 21.74%, the largest increase among Chinese concept stocks.
November 1st by Eglong Hui｜The top five stocks with the highest increase in Chinese concept stocks at the close are: Gulf Resources up 21.74%, Ostin Technology Group up 16.28%, xiao-i robot up 14.64%, jianzhi education up 13.13%, and CN Energy up 10.46%. (Eglong Hui)
US stock market movers: daqo new energy fell by 22.51%, marking the largest drop since March 2020.
On October 30th, the top five stocks with the largest declines in Chinese concept stocks were: Ideanomics fell by 60%, Daqo New Energy fell by 22.51%, marking the largest drop since March 2020, Recon Technology fell by 17.01%, Gulf Resources fell by 16.18%, and JinkoSolar fell by 12.78%. (格隆汇)
Central Bank's major announcement! Reserve ratio cut, interest rate cut, officially launching share buyback and shareholding refinancing.
Pan Gongsheng stated that it is expected to carefully assess the market liquidity situation before the end of the year, and opportunistically further lower the deposit reserve ratio by 0.25-0.5 percentage points; reduce the open market 7-day reverse repurchase operation rate by 0.2 percentage points.
Express News | Gulf Resources- on Oct 15, Nasdaq Staff Has Determined That Co Complies With Nasdaq Rule
Investors Don't See Light At End Of Gulf Resources, Inc.'s (NASDAQ:GURE) Tunnel And Push Stock Down 29%