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 | China assets etf and chinese concept stocks strengthen in the night session, 3x long ftse china etf rose more than 9%.
China suddenly announced a major news! The People's Bank of China took action to stabilize the capital markets by implementing share buybacks and shareholding refinancing.
The People's Bank of China has established a share buyback and shareholding refinancing program to support the stable operation of capital markets. The Chinese central bank officially launched the securities, fund, and insurance companies swap facility (SFISF) operation today. However, the Governor of the People's Bank of China, Pan Gongsheng, emphasized that the bottom line is that credit funds must not illegally enter the stock market, and the swap facility does not directly provide funding support.
Bank of America strategist: Chinese stocks should be able to continue to rise, recommending a call options strategy.
①A strategist at Bank of America options believes that Chinese stocks should have further upside potential; ②This strategist correctly predicted the rise of Chinese stocks before.
Futu Morning Post | The US economy remains strong! Expectations for a Fed rate cut this year suffered another blow; the Dow continues to hit record highs! Taiwan Semiconductor surges nearly 10% after earnings, with a market cap exceeding $1 trillion.
After hours, it rose nearly 5%! Netflix's Q3 revenue and profits both exceed expectations, with unexpectedly more paying users; Insider: Tesla's FSD has not yet been approved for entry into China, Musk has sought to obtain some data.
China's stock market rebound will enter the second stage.
The characteristic of this stage is that the upward speed slows down, volatility increases, and investors will refocus their attention on profitability and valuation.