Stock Track | Vipshop Soars 6.57% on Monetary Policy Shift to Boost China's Economic Growth

Stock Track
2024-12-09

Vipshop (VIPS) stock surged 6.57% in Monday's 24-hour trading session, as Chinese authorities signaled a shift towards an "appropriately loose" monetary policy to spur economic growth in 2025.

According to state media reports, China's Politburo meeting outlined plans to implement a more proactive fiscal policy and "unconventional" counter-cyclical adjustments to drive domestic demand and consumption. This marks the first such easing of monetary policy stance since 2010, following the 2008 global financial crisis.

The policy shift boosted sentiment in Chinese stocks and ETFs, with the $YINN ETF rallying 17% and e-commerce giants like Alibaba and JD.com gaining 5-7% in pre-market trading. Vipshop, as a leading e-commerce player focused on discounted merchandise, stands to benefit from potential revival in consumer spending driven by the looser monetary environment.

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