The X-trackers Harvest CSI 300 China A-Shares Fund (ASHR) surged 5.12% on Thursday, fueled by investor optimism after China's central bank announced measures to bolster the country's equity market.
According to the news report, the People's Bank of China officially launched a new "Securities, Fund, and Insurance Swap Facility" aimed at boosting the stock market. The central bank also urged key financial institutions to swiftly implement policies to support the economy and capital markets.
In addition, China's central bank governor flagged the potential for more interest rate cuts, a move that could further stimulate economic growth and increase liquidity in the financial markets. These policy actions come as Beijing unveiled its biggest stimulus since the pandemic late last month, in an effort to revive the country's slowing economy.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。