Stock Track | New Oriental Education & Technology Soars 8.08% on China's Monetary Policy Shift Towards Easing

Stock Track
2024-12-09

New Oriental Education & Technology Group's stock soared 8.08% in pre-market trading on Monday, as China's top leadership vowed to implement an "appropriately loose" monetary policy in 2025 to support economic growth.

According to state media reports, the Politburo meeting marked the first shift towards monetary easing since 2010, with plans to adopt a more proactive fiscal policy and "unconventional" counter-cyclical adjustments. The move aims to boost consumption, expand domestic demand, and drive innovation in the world's second-largest economy.

As a leading education services provider in China, New Oriental Education & Technology is expected to benefit from the stimulative policies aimed at spurring economic growth. The pre-market rally reflects investors' optimism towards the company's prospects and the broader market's positive reaction to the policy announcement.

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