The Chinese semiconductor giant SWHY witnessed a remarkable surge in its stock price on Thursday, with shares skyrocketing by an impressive 25.12%. This rally was fueled by a wave of optimism that swept through Hong Kong's stock market following the release of better-than-expected economic data from China and the announcement of new policy easing measures by the People's Bank of China (PBOC).

China's third-quarter GDP growth of 4.6% exceeded expectations, providing a much-needed boost to investor sentiment. Furthermore, industrial output, retail sales, and fixed investment figures for the January-September period all outperformed forecasts, signaling a potential recovery in the world's second-largest economy.

Adding to the positive sentiment, the PBOC took proactive steps to bolster market liquidity and stimulate economic growth. Governor Yi Gang stated that the reserve requirement ratio (RRR) would be cut by 25 to 50 basis points before the end of the year, and the loan prime rate (LPR) would be reduced by 20 to 25 basis points on October 21. Additionally, the central bank launched a special re-lending program with an initial quota of 300 billion yuan and an interest rate of 1.75% for a one-year term.