China Cuts One-Year Rate, Withdraws Cash From Banking System [Yahoo! Finance Canada]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
NASDAQ:AMEX Investor Relations:
coli.com.hk/en/ir
Company Research
Source: Yahoo! Finance Canada
facility, as the monetary authority shifts toward a short-term tool in an overhaul of its policy framework. Most Read from Bloomberg The People's Bank of China cut the rate of the medium-term lending facility to 2% from 2.3%, according to a statement on Wednesday. It also withdrew a net 291 billion yuan ($41.4 billion) via the MLF, the biggest drainage since December 2021. The moves followed Governor Pan Gongsheng's announcement the previous day for a decrease of 30 basis points at a rare briefing in Beijing, as part of a broad stimulus package to revive the world's second-largest economy. The central bank chief also revealed a plan to unleash 1 trillion yuan in long-term liquidity with a 50-basis-point reduction of the reserve requirement ratio, the amount of cash lenders must keep in reserve. The PBOC has been downplaying the role of the MLF as a key rate while transitioning to using seven-day reverse repurchase notes as the main policy lever. The outstanding MLF loans are w
Show less
Read more
Impact Snapshot
Event Time:
OVCHY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
OVCHY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
OVCHY alerts
High impacting OVERSEAS CHINSE UNSP/ADR news events
Weekly update
A roundup of the hottest topics
OVCHY
News
- Malaysian Ringgit Set for Biggest Monthly Decline Since 2015 [Yahoo! Finance Canada]Yahoo! Finance Canada
- Overseas Funds Cut Chinese Bonds as Swap Trade Ebbs, Stocks Gain [Yahoo! Finance]Yahoo! Finance
- Overseas Funds Cut Chinese Bonds as Swap Trade Ebbs, Stocks Gain [Yahoo! Finance Canada]Yahoo! Finance Canada
- Malaysia to Cut Petrol Subsidy From 2025 to Slash Deficit [Yahoo! Finance Canada]Yahoo! Finance Canada
- Malaysia to Cut Petrol Subsidy From 2025 to Slash Deficit [Yahoo! Finance]Yahoo! Finance