Stock Track | TAL Education Group Soars Over 10% in Pre-market amid China's Shift to Looser Monetary Policy

Stock Track12-09

TAL Education Group saw a significant surge in its stock price during the pre-market trading session on Monday, soaring over 10%. This upward movement came after China announced plans to adopt an "appropriately loose" monetary policy for the first time since 2010, in an effort to support economic growth.

According to reports from state media, top Chinese officials unveiled the policy shift at a Politburo meeting, stating that the country will implement a more proactive fiscal policy and an "appropriately loose" monetary policy in 2025. This move marks a departure from the "prudent" monetary policy stance that has been in place since late 2010.

The aim of this policy shift is to boost domestic consumption and demand through "unconventional" countercyclical adjustments, leveraging progress to ensure stability and drive innovation. Analysts believe that this loosening of monetary policy will benefit Chinese companies, including TAL Education Group, as it is expected to stimulate economic activity and potentially drive demand for their products and services.

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