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Stock Track | Tiger Brokers Soars on China's Sweeping Stimulus Package

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The rally was sparked by the People's Bank of China's announcement of a sweeping stimulus package aimed at countering the waning economic outlook and restoring market confidence.</p>\n\n<p>The Chinese central bank unveiled a series of measures, including a reduction in the reserve requirement ratio to its lowest level since at least 2020, as well as a cut in the main short-term interest rate. These moves are expected to provide much-needed liquidity to the financial system and support lending activities.</p>\n\n<p>Additionally, the stimulus package targeted the beleaguered property market, with measures to lower overall mortgage costs and ease rules for second-home purchases. This move is expected to benefit financial institutions like Tiger Brokers, which provide services to investors and homebuyers in the real estate market.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199454272","content_text":"Tiger Brokers, a leading online brokerage firm in China, saw its stock price surge by 9.83% on September 24, 2024, driven by a broad rally in Chinese financial stocks. The rally was sparked by the People's Bank of China's announcement of a sweeping stimulus package aimed at countering the waning economic outlook and restoring market confidence.\nThe Chinese central bank unveiled a series of measures, including a reduction in the reserve requirement ratio to its lowest level since at least 2020, as well as a cut in the main short-term interest rate. These moves are expected to provide much-needed liquidity to the financial system and support lending activities.\nAdditionally, the stimulus package targeted the beleaguered property market, with measures to lower overall mortgage costs and ease rules for second-home purchases. 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