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over 5,000 stocks rose! is the shanghai stock exchange system collapsed? the official response is coming

2024-09-27

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in early trading today, a-shares continued to open higher and strengthened under the positive stimulation, with growth stocks leading the gains. as of press time, more than 5,000 stocks in the two cities have risen, and transactions are accelerating, with a turnover of nearly 800 billion yuan.
surprisingly, after 10 o'clock, the shanghai composite index's trading volume shrank sharply by more than 90%, the index showed a straight sideways state, and individual stocks on the shanghai stock exchange also showed a near-stop state of trading, indicating a suspected system failure. just now, the shanghai stock exchange issued a statement on the abnormal situation of bidding transactions: "after the opening of today's stock bidding transactions, transaction confirmation was unusually slow. the exchange has paid attention to the relevant situation as soon as possible and is investigating the relevant reasons."
the official website of the people's bank of china announced today that the people's bank of china has decided to lower the deposit reserve ratio of financial institutions by 0.5 percentage points starting from september 27, 2024 (excluding financial institutions that have implemented a 5% deposit reserve ratio). after this reduction, the weighted average deposit reserve ratio of financial institutions will be approximately 6.6%. at the same time, the people's bank of china also issued an open market business announcement stating that starting from september 27, the open market 7-day reverse repurchase operation interest rate will be adjusted from the previous 1.70% to 1.50%.
bank of china securities pointed out that this week, various departments held consecutive meetings related to boosting the economy, the central bank's monetary policy stance, and the state council issued a number of support measures to stabilize employment, all of which released positive signals and made clear expectations for the market. it is expected to play a significant role in the recovery of the economy, while boosting market confidence. it is expected to bring about a wave of recovery in real estate transactions. it is recommended to focus on the real estate sector.
text/guangzhou daily new flower city reporter: zhao dongqin
guangzhou daily new flower city editor: long jiali
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