From Forexlive: 2024-05-30 16:50:00

Chinese authorities announced new policy measures for the property sector, including lower down payment requirements, a 300 billion RMB relending program for social housing, and the removal of the national floor for mortgage interest rates. The IMF upgraded their view on China.

HSBC believes the supportive policies will encourage investors to enter the Chinese stock market due to low valuations. Chinese stocks have seen significant growth since February, presenting a potential buying opportunity for investors.



Read more at Forexlive: HSBC on recent China policy support, reason to tentatively buy mainland & Hong Kong stocks