Top 10 Chinese Stocks to Watch as China Boosts Stock Market
China has launched a campaign to boost its sluggish stock market and revive investor confidence in an economy experiencing challenges.
Over the weekend, a series of measures were announced to enhance China's stock market, including reducing stamp duty, slowing the pace of initial public offerings (IPOs), and encouraging margin financing. Furthermore, State-run banks could trim mortgage rates on existing home loans to spur spending, according to an Aug. 29 report.
Dozens of US-listed Chinese firms rallied after these stimuli.
Source: Moomoo,IBD
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styleomileo : obviously, it is not sustainable and will see foreign funds exit. need massive fiscal stimulus, 800B injection into the pockets of consumers to make it work...these stop gap measured won't cut it