This latest stock market surge was triggered by a series of monetary policies rolled out by the Chinese Communist Party (CCP), offering a glimmer of hope to investors and the market economy.
Around September 26, the Chinese government introduced a three-pronged strategy to stimulate the economy. This included the central bank's announcements of reserve requirement cuts, interest rate reductions, and lowering rates on existing mortgages. The government also provided loans to investors and companies repurchasing stocks, creating the impression that it was fully committed to boosting the economy. Additionally, the CCP's Politburo meeting promised unspecified "fiscal" measures.
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