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US Rate Cut And China Stimulus Ignite Fosun's Surge

Summary by pressreleasecc.com
HONG KONG, Oct 15, 2024 – (ACN Newswire) – As we enter the fourth quarter, the market buzzes with optimism. The U.S. Federal Reserve’s interest rate reduction, aimed at bolstering liquidity, has drawn Chinese mainland capital inflow into the Hong Kong stock market. Just before China’s National Day holiday, the People’s Bank of China (PBOC) unveiled a series of pivotal measures: a reserve requirement ratio cut, an interest rate reduction, and a d…
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