China Stocks Surge After Mortgage Curbs Are Removed

Published On Sep 30, 2024, 7:23 AM

Chinese officials have rolled back restrictions on home buyers to stimulate the housing market amid falling prices. This includes cities like Guangzhou, which removed all home-buying limits, and others like Shenzhen and Shanghai that have relaxed some rules. These changes are part of broader economic stimulus measures aimed at rejuvenating a struggling economy. Following these announcements, the Chinese stock market surged, with significant increases in both the CSI 300 index and Hong Kong property stocks.

Read full article

Stock Forecasts

FXIView FXI chart on TradingView

Positive

As markets react to these policy changes, broader Chinese indices and ETFs are likely to see upward movement, reflecting improved investor sentiment towards China's economic recovery efforts.

Related News

China Vows to Unleash More Borrowing to Spur Economy and Strengthen Banks

Oct 11, 2024, 11:51 PM

The finance minister said Beijing would sell bonds to supplement spending and help banks but did not detail how much.

FXI

Chinese finance minister to deliver highly anticipated briefing on stimulus

Oct 11, 2024, 9:57 PM

Analyst projections for how much fiscal stimulus is needed range from around 2 trillion yuan ($283.1 billion) to more than 10 trillion yuan.

FXI

How Xi’s crackdown turned China’s finance high-flyers into ‘rats’

Oct 10, 2024, 7:17 PM

Chinese authorities have been cracking down on businesses from real estate to technology to finance.

KWEB
FXI