Tag: stock market

Asian shares were mostly higher on Thursday, with Chinese stocks extending gains after Beijing announced a raft of policies to support sagging markets. Hong Kong rose 1.8% and Shanghai surged 3%. Benchmarks inched higher in Tokyo and Seoul. ( read original story ...)

Chinese policymakers are seeking to mobilise about 2 trillion yuan ($278.53 billion), mainly from the offshore accounts of Chinese state-owned enterprises, as part of a stabilisation fund to buy shares onshore through the Hong Kong exchange link, Bloomberg News reported. ( read original story ...)

SHANGHAI: China stocks rallied for a third straight session on Thursday, after the country’s central bank announced supportive policies including a deep cut to bank reserves to spur a fragile economy ... ( read original story ...)

The strong presence of foreign financial institutions in China comes as the country steadily opens its financial sector through measures such as scrapping restrictions on the ratio of foreign ... ( read original story ...)

Investors should be wary of the government's efforts to prop up China's equity markets. The weakness in the property market could be the tip of an iceberg. ( read original story ...)

Dylan Run, a Shanghai-based finance sector executive, started moving a bit of his money into cryptocurrencies in early 2023, when he realized that the Chinese economy and its stock markets were going ... ( read original story ...)

Asian shares were mostly higher on Thursday, with Chinese stocks extending gains after Beijing announced a raft of policies to support sagging markets. Hong Kong rose 1.4% and Shanghai surged 2%. ( read original story ...)