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the central bank announced a reduction in reserve requirement ratio, interest rate and existing mortgage rates. a-shares opened sharply higher, and the real estate sector strengthened.

2024-09-24

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stimulated by the news that the central bank announced a cut in the reserve requirement ratio, interest rates, existing mortgage rates, and the creation of new monetary tools to support the development of the stock market, the three major a-share indices opened higher on september 24.
among them, the shanghai composite index rose 0.79% to 2770.75 points, the shenzhen component index rose 0.8% to 8148.17 points, and the chinext index rose 1.01% to 1545.9 points.
from the market perspective, the real estate industry chain strengthened across the board, with liquor and insurance stocks leading the gains. kweichow moutai opened nearly 2% higher, and state-owned enterprise reform and huawei concept stocks continued to be active; a few sectors such as education, lithography machines, and tax reform bucked the trend and turned green.
wind statistics show that a total of 3,523 stocks in the two cities and the beijing stock exchange rose, 911 stocks fell, and 914 stocks were flat.
in terms of funds, the central bank conducted a 14-day reverse repurchase operation of 460 billion yuan today, with the winning rate at 1.85%, the same as before.
in terms of margin trading, the financing balance in the two cities decreased by 444 million yuan, totaling 1,360.32 billion yuan.
in terms of exchange rate, the central parity rate of rmb against the u.s. dollar was 7.0510, up 21 basis points.
specifically, the state council information office held a press conference this morning, where the main leaders of the people's bank of china, the financial regulatory bureau, and the china securities regulatory commission introduced the relevant situation of financial support for high-quality economic development. a number of major policies were launched at the same time to increase the intensity of monetary policy regulation and further support steady economic growth.
at the press conference, pan gongsheng said that the deposit reserve ratio will be lowered by 0.5 percentage points in the near future to provide about 1 trillion yuan of long-term liquidity to the financial market. depending on the market liquidity situation this year, the deposit reserve ratio may be further lowered by 0.25 to 0.5 percentage points.
affected by this, the ftse china a50 index futures rose sharply, and the increase once expanded to more than 2%. hong kong stocks opened sharply higher, with the hang seng index opening up 1.79% and the hang seng technology index up 2.37%.
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