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The People's Bank of China (PBOC) conducted open market operations injecting a net 103 billion yuan to maintain liquidity in the banking system. This included a 279 billion yuan sale of 7-day reverse repos at an interest rate of 1.5%. Additionally, the PBOC announced plans to conduct a 600 billion yuan one-year medium-term lending facility on Friday, which will result in a net cash injection of 500 billion yuan. In the stock market, the Hang Seng Index opened 0.42% higher, while the Hang Seng Tech Index rose 0.57%. Notable gains were seen in shares of Li Auto Inc. and Alibaba Group Holding Limited, both rising by nearly 2%. These measures and market movements reflect ongoing efforts to support financial stability and investor confidence in China.
The People’s Bank of China will conduct 600 billion yuan ($82.3 billion) of one-year medium-term lending facility on Friday to maintain ample liquidity in the banking system, it said in a statement on Thursday. This will result in a net cash injection of 500 billion yuan via https://t.co/bH2GIB2Ecp
The Hang Seng Index opened with a 0.42% increase, while the Hang Seng Tech Index rose by 0.57%. Stocks such as Li Auto and Alibaba saw nearly a 2% increase in value. $SHCOMP $SSEC $ASHR $HSI $KWEB $FXI $HXC $DRAG $YINN $YANG $LI $BABA.
🇭🇰📈AT OPEN, HANG SENG INDEX UP 0.42% AND HANG SENG TECH INDEX UP 0.57%, LI AUTO AND ALIBABA ROSE BY NEARLY 2%. #CHINA $SHCOMP $SSEC $ASHR $HSI $KWEB $FXI $HXC $DRAG $YINN $YANG @MKTNews24 $LI $BABA https://t.co/bX7brW5GgM https://t.co/czV75yZ7rB
