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Chinese equities surge on the back of biggest stimulus package in years
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The SSE Composite index — which represents the overall performance of companies listed on the Shanghai Stock Exchange – was up almost 4% at the time of publication, recording a significant jump in the minutes following the People's Bank of China's (PBOC) press conference, according to MarketWatch. FundCalibre's Juliet Schooling Latter: The question of emerging markets' revival The PBOC said it will cut the amount of cash that banks must hold as reserves – known as reserve requirement ratios (RRR) – by 50 basis points. It will also cut a key policy rate by 0.2 percentage points to 1...
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