Hong Kong Stocks Rebound Amid Hopes of Further Stimulus; Financial Institutions Surge on $70.7 Billion Swap Facility

MT Newswires Live10-10

Hong Kong stocks rebounded on Thursday, reversing two consecutive days of losses, as the central bank of China launched a $70.7 billion swap facility and investors remained hopeful about further stimulus measures to bolster the economy.

The Hang Seng Index soared 2.98%, or 614.74 points, to close Monday's trade at 21,251.98. The Hang Seng China Enterprises Index added 3.46%, or 255.15 points, to 7,620.74.

Under the People's Bank of China's swap facility, various kinds of financial institutions will have the option to exchange bonds and ETFs as collateral for government bonds and central bank bills, according to a Thursday report by the SCMP.

The financing facility is a constituent of the 800 billion yuan funding mechanism revealed by the central bank in September to inject liquidity into the stock market.

Investor sentiment also lies on edge, with high hopes for the announcement of further stimulus measures at a press conference by finance minister Lan Foan to take place on Saturday, according to the same SCMP report.

Financial institutions, who can take part in the swap facility, led the rally, rising to close the day's trade on a high note.

Ping An Insurance (Group) (HKG:2318, SHA:601318), China Life Insurance (HKG:2628), and New China Life Insurance (HKG:1336, SHA:601336) soared 6%, 5%, and 11%, respectively, at the day's close.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2474795785?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-10 16:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2474795785","market":"us","top_or_hot":-1,"title":"Hong Kong Stocks Rebound Amid Hopes of Further Stimulus; Financial Institutions Surge on $70.7 Billion Swap Facility","media":"MT Newswires Live","content":"<html><body><p> Hong Kong stocks rebounded on Thursday, reversing two consecutive days of losses, as the central bank of China launched a $70.7 billion swap facility and investors remained hopeful about further stimulus measures to bolster the economy.</p><p>The Hang Seng Index soared 2.98%, or 614.74 points, to close Monday's trade at 21,251.98. The Hang Seng China Enterprises Index added 3.46%, or 255.15 points, to 7,620.74.</p><p>Under the People's Bank of China's swap facility, various kinds of financial institutions will have the option to exchange bonds and ETFs as collateral for government bonds and central bank bills, according to a Thursday report by the SCMP.</p><p>The financing facility is a constituent of the 800 billion yuan funding mechanism revealed by the central bank in September to inject liquidity into the stock market.</p><p>Investor sentiment also lies on edge, with high hopes for the announcement of further stimulus measures at a press conference by finance minister Lan Foan to take place on Saturday, according to the same SCMP report.</p><p>Financial institutions, who can take part in the swap facility, led the rally, rising to close the day's trade on a high note.</p><p>Ping An Insurance (Group) (HKG:2318, SHA:601318), China Life Insurance (HKG:2628), and New China Life Insurance (HKG:1336, SHA:601336) soared 6%, 5%, and 11%, respectively, at the day's close.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Stocks Rebound Amid Hopes of Further Stimulus; Financial Institutions Surge on $70.7 Billion Swap Facility</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Stocks Rebound Amid Hopes of Further Stimulus; Financial Institutions Surge on $70.7 Billion Swap Facility\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-10 16:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong stocks rebounded on Thursday, reversing two consecutive days of losses, as the central bank of China launched a $70.7 billion swap facility and investors remained hopeful about further ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01336","symbol_name":"新华保险","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2474795785","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474795785","pubTimestamp":1728549480,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Hong Kong stocks rebounded on Thursday, reversing two consecutive days of losses, as the central bank of China launched a $70.7 billion swap facility and investors remained hopeful about further stimu","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"82318":"中国平安-R","513600":"恒生指数ETF","601318":"中国平安","601336":"新华保险","01336":"新华保险","LU0348784397.USD":"ALLIANZ ORIENTAL INCOME \"A\" (USD) ACC","LU0348788117.USD":"ALLIANZ EMERGING ASIA EQUITY \"A\" (USD) INC","BK0070":"员工持股","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU0370786039.SGD":"Fidelity Greater China A-SGD","LU0051755006.USD":"摩根大通中国A (dist)","HSI":"恒生指数","LU2495084118.USD":"ALLIANZ CHINA A-SHARES \"ATH\" (USDHDG) ACC","LU0315178854.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"A\" ACC","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU0594300179.USD":"FIDELITY CHINA CONSUMER \"A\" (USD) ACC","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","BK0175":"白马股","BK1184":"人寿与健康保险","02833":"恒指ETF","LU0173614495.USD":"富达中国焦点A","FISI":"金融机构","LU1655091616.SGD":"JPMorgan Funds - China A-Share Opportunities A (acc) SGD","02628":"中国人寿","LU0197773160.USD":"HSBC GIF ASIA PACIF EX JAPAN EQ HD \"AC\" ACC","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","03145":"华夏亚洲高息股","LU1046422090.SGD":"Fidelity Pacific A-SGD","IE00BF5LJ272.USD":"Legg Mason Martin Currie - Global Emerging Markets A Acc USD","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","LU0048580855.USD":"富达大中华区A","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","L":"洛斯公司","IE0005HP3H50.USD":"GUINNESS CHINA \"C\" (USD) ACC","LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD","BK0196":"行业龙头","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","BK0183":"MSCI概念","LU0588545730.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"ADM\" (USD) INC","SG9999012710.SGD":"UNITED ASIAN INCOME (SGDHDG) ACC","SG9999002463.SGD":"LionGlobal China Growth SGD","LU0072913022.USD":"UBS (LUX) EQUITY FUND -  GREATER CHINA \"P\" (USD) ACC","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","LU0348783233.USD":"安联东方收入型 CI A Dis美元","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","02318":"中国平安","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD"},"translate_title":"港股在进一步刺激的希望下反弹；金融机构大幅增加707亿美元掉期融资","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"82318":0.6,"513600":0.6,"601318":0.9,"601336":0.9,"FISI":1,"02318":0.9,"HSI":0.9,"01336":0.9,"02628":0.9,"MCHmain":0.6,"02833":0.6,"03145":0.6,"HHImain":0.6,"L":0.6},"content_text":"Hong Kong stocks rebounded on Thursday, reversing two consecutive days of losses, as the central bank of China launched a $70.7 billion swap facility and investors remained hopeful about further stimulus measures to bolster the economy.The Hang Seng Index soared 2.98%, or 614.74 points, to close Monday's trade at 21,251.98. The Hang Seng China Enterprises Index added 3.46%, or 255.15 points, to 7,620.74.Under the People's Bank of China's swap facility, various kinds of financial institutions will have the option to exchange bonds and ETFs as collateral for government bonds and central bank bills, according to a Thursday report by the SCMP.The financing facility is a constituent of the 800 billion yuan funding mechanism revealed by the central bank in September to inject liquidity into the stock market.Investor sentiment also lies on edge, with high hopes for the announcement of further stimulus measures at a press conference by finance minister Lan Foan to take place on Saturday, according to the same SCMP report.Financial institutions, who can take part in the swap facility, led the rally, rising to close the day's trade on a high note.Ping An Insurance (Group) (HKG:2318, SHA:601318), China Life Insurance (HKG:2628), and New China Life Insurance (HKG:1336, SHA:601336) soared 6%, 5%, and 11%, respectively, at the day's close.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474795785"}