I wonder how much more can Chi

2021-07-12

I wonder how much more can China carry on like this. US has talks to start tapering. I rememberedsome analysts commented on the last tapering back in 2017, it does not matter who started first, but who taper first tends to be in a much better position. Back then, it was US who taper first.

China stocks rise in early trade on boost from RRR cut

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Comments

ngph
2021-07-12
ngph
China should loosen its clampdown on its tech companies
- ChowCCJ:
  I find it is better they do this early to set the record straight. would be worse when the tech firms had market share to a point where any govt intervention would not change anything
- 超群yibo:
  Will last a few months at least before slowing down.
LuluDog
2021-07-12
LuluDog
Whenever market crash they will stop the tapering talk

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Back then, it was US who taper first.","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/146327682","repostId":1131677097,"repostType":4,"repost":{"id":"1131677097","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1626054529,"share":"https://www.laohu8.com/m/news/1131677097?lang=&edition=full","pubTime":"2021-07-12 09:48","market":"sh","language":"en","title":"China stocks rise in early trade on boost from RRR cut","url":"https://stock-news.laohu8.com/highlight/detail?id=1131677097","media":"Reuters","summary":"SHANGHAI, July 12 (Reuters) - China stocks rose in early trading on Monday, lifted by the central ba","content":"<p>SHANGHAI, July 12 (Reuters) - China stocks rose in early trading on Monday, lifted by the central bank’s surprise cut in the reserve requirement ratio (RRR) to support the economy.</p>\n<p>The CSI300 index advanced 0.3 % to 5,081.87 points at 0137 GMT, while the Shanghai Composite Index also gained 0.3 % to 3,534.93 points.</p>\n<p>The Hang Seng index in Hong Kong was up 0.8 %, to 27,552.64 points.</p>\n<p>Late on Friday, the People’s Bank of China (PBOC) said it will cut the amount of cash that banks must hold as reserves, releasing around 1 trillion yuan ($154.19 billion) in long-term liquidity to underpin its post-COVID economic recovery that is starting to lose momentum.</p>\n<p>“Overall, we think the larger than expected universal RRR cut is likely to reinforce market expectation that PBoC is determined to keep liquidity stable, which will support risk sentiment in the near term,” OCBC Bank wrote in a note on Monday. (SHANGHAI NEWSROOM Editing by Shri Navaratnam)</p>","collect":0,"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>China stocks rise in early trade on boost from RRR cut</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\">\nChina stocks rise in early trade on boost from RRR cut\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-12 09:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SHANGHAI, July 12 (Reuters) - China stocks rose in early trading on Monday, lifted by the central bank’s surprise cut in the reserve requirement ratio (RRR) to support the economy.</p>\n<p>The CSI300 index advanced 0.3 % to 5,081.87 points at 0137 GMT, while the Shanghai Composite Index also gained 0.3 % to 3,534.93 points.</p>\n<p>The Hang Seng index in Hong Kong was up 0.8 %, to 27,552.64 points.</p>\n<p>Late on Friday, the People’s Bank of China (PBOC) said it will cut the amount of cash that banks must hold as reserves, releasing around 1 trillion yuan ($154.19 billion) in long-term liquidity to underpin its post-COVID economic recovery that is starting to lose momentum.</p>\n<p>“Overall, we think the larger than expected universal RRR cut is likely to reinforce market expectation that PBoC is determined to keep liquidity stable, which will support risk sentiment in the near term,” OCBC Bank wrote in a note on Monday. 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