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Stock impact report

Hong Kong stock futures slide after Beijing unveils plan for local government debt [Yahoo! Finance]

NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares (NTES) 
Last netease, inc. - american depositary shares, each representing 5 ordinary shares earnings: 2/26 06:00 pm Check Earnings Report
US:NASDAQ Investor Relations: netease.com
Company Research Source: Yahoo! Finance
After the market closed, China unveiled an increase in the quota for local special bonds by 6 trillion yuan (US$838.1 billion) over the next three years. Futures fell when the plan was announced by Xu Hongcai, vice-chairman of the National People's Congress' financial and economic committee, signalling that investor expectations were not met. "HSI futures plummeted more than 400 points after 4pm when the NPC press conference commenced," said Louis Wong, executive director of Phillip Capital Management (Hong Kong). "That may reflect that investors are somehow disappointed with the stimulus-package announcement, which mainly focuses on addressing provincial governments' hidden debt problems." Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. In the regular session, the Hang Seng Index de Show less Read more
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