Market Review and Trends
Top Stock Market Highlights of the Week: China’s Stimulus Measures, DFI Retail Group and Temasek’s 50th Anniversary
By The Smart Investor  •  September 28, 2024
Welcome to this week’s edition of top stock market highlights. China’s stimulus measures As China’s slowdown deepens, the country’s central bank announced another short-term policy rate cut to spur consumer demand. The People’s Bank of China (PBOC), China’s central bank, reduced the 14-day reverse repurchase rate from 1.95% to 1.85%. Along the way, the central bank also injected RMB 74.5 billion of liquidity into the banking system. This move came ahead of China’s National Day Holiday which typically lasts for seven days whereby the PBOC will offer 14-day loans ahead of the break. Meanwhile, the Ministry of Finance and Ministry of Civil Affairs will dish out one-off cash handouts to people in extreme poverty on 1 October. This rate move came a day after the government announced a sweeping program to stimulate the country’s economy. Living subsidies will be handed out to disadvantaged groups including orphans and the very poor before the National Day Holiday....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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