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China mainland and Hong Kong equites higher in opening trade

  • Yesterday the PBoC cut its RRR, the latest effort from Chinese authorities to support the market
Eamonn Sheridan
25/01/2024 | 02:32 GMT

On Wednesday in China:

  • ICYMI - PBOC to cut reserve requirement ratio by 50bp from 5 February

There have been further supportive efforts over past days:

  • China mulls stock market rescue package backed by $278 bn
  • Chinese authorities have 'asked' funds to restrict short selling stock index futures

Chinese shares have risen from their lows and have sustained the gains, added to them, so far today.

Hong Kong's Hang Seng is up around 0.6% while the Shanghai Composite is up around 1.2%:

Shanghai Composite 25 January 2024

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