news

the a50 index rose sharply, and chinese assets soared across the board! what happened?

2024-09-26

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in the afternoon, chinese assets soared sharply.

chinese assets surge

among them, in terms of a-shares, the shanghai composite index, shenzhen composite index and chinext index all rose sharply.

ftse china a50 index futures also rose by more than 2%.

in terms of hong kong stocks, the hang seng index, which has performed strongly in recent days, continued to rise, among which the hang seng tech index soared by more than 5%.

politburo meeting

on the news front, the political bureau of the cpc central committee held a meeting on september 26.

the meeting pointed out that the fundamentals of my country's economy and favorable conditions such as a broad market, strong economic resilience and great potential have not changed. at the same time, some new situations and problems have emerged in the current economic operation. we must look at the current economic situation comprehensively, objectively and calmly, face up to difficulties, strengthen our confidence, and effectively enhance our sense of responsibility and urgency in doing a good job in economic work. we must focus on key points, take the initiative, effectively implement existing policies, increase our efforts to introduce incremental policies, further improve the pertinence and effectiveness of policy measures, and strive to complete the goals and tasks of economic and social development throughout the year.

the meeting stressed that we should increase the intensity of countercyclical adjustment of fiscal and monetary policies, ensure necessary fiscal expenditures, and do a good job in the "three guarantees" at the grassroots level. we should issue and use long-term special treasury bonds and local government special bonds to better play the driving role of government investment. we should lower the deposit reserve ratio and implement a strong interest rate cut. we should promote the real estate market to stop falling and stabilize. we should strictly control the increase, optimize the stock, and improve the quality of commercial housing construction. we should increase the loan issuance of "white list" projects and support the revitalization of idle land. we should respond to the concerns of the people, adjust the housing purchase restriction policy, reduce the interest rate of existing mortgage loans, speed up the improvement of land, fiscal and taxation, finance and other policies, and promote the construction of a new model of real estate development. we should work hard to boost the capital market, vigorously guide medium and long-term funds into the market, and clear the bottlenecks of social security, insurance, wealth management and other funds entering the market. we should support the merger and reorganization of listed companies, steadily advance the reform of public funds, and study and introduce policies and measures to protect small and medium-sized investors.