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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.
The stock of ideanomics has risen by 42.86%, making it the Chinese concept stock with the largest increase.
October 23rd, the top five stocks with the largest gains in Chinese concept stocks are: Ideanomics, up 42.86%; Jowell Global, up 30.08%; Highway Holdings, up 29.59%; Lobo EV Technologies, up 28.38%; and EZGO Technologies, up 24.53%. (GLENC)
12 Industrials Stocks Moving In Tuesday's Intraday Session
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 | Highway Holdings Q2 Sales USD 2.117 Million
Express News | Highway Holdings Q2 Operating Income USD 110 Thousand
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