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0.0155932627105403 0.0155932627105403 0.0312177744445487 0.0312177744445487 0.037467579138152 0.0155932627105403 0.00309365332333365 0.056216993218962
Stock impact report

Chinese financial stocks climb on new wave of stimulus measures [Seeking Alpha]

Xinyuan Real Estate Co Ltd American Depositary Shares (XIN) 
US:NYSE Investor Relations: ir.xyre.com
Company Research Source: Seeking Alpha
Xinyuan Real Estate ( NYSE: XIN , Futu Holdings ( NASDAQ: FUTU , Ping An Insurance ( OTCPK:PNGAY , UP Fintech Holding ( NASDAQ: TIGR , Lufax Holding ( NYSE: LU , KE Holdings ( NYSE: BEKE , LexinFintech Holdings ( NASDAQ: LX , Qifu Technology ( NASDAQ: QFIN , Qudian ( NYSE: QD , FinVolution Group ( NYSE: FINV and Fanhua ( NASDAQ: FANH , all gapped up at 10:19 a.m. ET in the U.S. The stimulus package buoyed the broader Chinese stock market, with the Shanghai Composite ( SHCOMP climbing 4.2% at the time of writing. But it's still down nearly 4% this year and about 8% from a year ago. The Hang Seng Index ( HSI ) recorded an even bigger swing, accelerating 6.3% The People's Bank of China slashed its reserve requirement ratio to the lowest level since at least 2020, as well as trimming its main short-term interest rate. The package also targeted the nation's beleaguered property market, with measures to lower overall mortgage costs and a de-stocking program that eased rules for second- Show less Read more
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