🇨🇳TURNOVER ON SSE AND SZSE EXCEEDED 500 BILLION YUAN #CHINA $SHCOMP $SSEC $ASHR https://t.co/SsiLLcRBvN
🇨🇳YUAN'S CFETS INDEX HITS HIGHEST SINCE OCT 2022 AT 101.48 - CALCULATION #CHINA $USDCNH $USDCNY $CNH $CNY https://t.co/PEdOCwgrpZ
🇨🇳YUAN'S CFETS INDEX HITS HIGHEST SINCE OCT 2022 AT 101.48 - CALCULATION $USDCNH $USDCNY $CNH $CNY https://t.co/PEdOCwgrpZ
In 2024, the A-share market in China has experienced a surge in share buybacks, with 2,153 listed companies participating and a total value of 165.74 billion yuan ($22.71 billion) reported. This trend has been attributed to various policy incentives and guidance aimed at stabilizing the market. Additionally, the turnover on the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) has surpassed 1 trillion yuan for 64 consecutive trading days, reflecting robust trading activity. The Chinese yuan's CFETS index has also seen a notable increase, reaching its highest level since October 2022 at 101.48. In currency trading, the yuan was fixed at 7.2967 and fluctuated within a range of 7.3027 to 7.3130, indicating a stable performance following the release of China's PMI data.
