Hang Seng Tech rallied nearly 5%, and MSCI China rallied close to 4% in response. Chinese Authorities Consider Taking Steps to Stabilize Stock Market.
[For Hong Kong Investors Only] Chinese Authorities consider taking Steps to Stabilize Stock MarketChinese authorities are considering to take action to stabilize the slumping stock market. They are considering mobilizing US$278B from offshore accounts of state-owned enterprises and allocating additional funds for onshore share investments. Official announcements expected soon. Hang Seng Tech rallied nearly 5%, and MSCI China rallied close to 4% in response. Stay tuned for further updates.
#China #StockMarket #Investment #HangSengTech #MSCIChina
Source: Bloomberg, Jan 23, 2024.
Learn more about Global X Hang Seng TECH ETF (2837) and its risk factors:https://www.globalxetfs.com.hk/campaign/hang-seng-tech-etf/
Learn more about Global X MSCI China ETF(3040) and its risk factors:https://www.globalxetfs.com.hk/funds/msci-china-etf/
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