Stock Track | CICC Soars 16% as China Data, Stimulus Boost Hong Kong Stocks

Stock Track

Oct 18, 2024

Shares of China International Capital Corp (CICC) surged 16.08% on October 18th, as Hong Kong stocks rallied following the release of better-than-expected economic data from China and the announcement of fresh stimulus measures by the central bank.

Investor sentiment received a boost after China reported its GDP grew 4.6% in the third quarter, exceeding expectations. Industrial output, retail sales, and fixed asset investment for the January-September period also expanded at a faster pace than in August.

The People's Bank of China (PBOC) further fueled the market rally by signaling additional monetary easing steps. The central bank governor said China will cut the reserve requirement ratio (RRR) by 25 to 50 basis points before the end of 2024 to boost liquidity. The PBOC also announced a 20 to 25 basis point cut in the loan prime rate (LPR) effective October 21st.

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The PBOC also announced a 20 to 25 basis point cut in the loan prime rate (LPR) effective October 21st.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | CICC Soars 16% as China Data, Stimulus Boost Hong Kong Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | CICC Soars 16% as China Data, Stimulus Boost Hong Kong Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-10-18 14:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of China International Capital Corp (CICC) surged 16.08% on October 18th, as Hong Kong stocks rallied following the release of better-than-expected economic data from China and the announcement of fresh stimulus measures by the central bank.</p>\n\n<p>Investor sentiment received a boost after China reported its GDP grew 4.6% in the third quarter, exceeding expectations. Industrial output, retail sales, and fixed asset investment for the January-September period also expanded at a faster pace than in August.</p>\n\n<p>The People's Bank of China (PBOC) further fueled the market rally by signaling additional monetary easing steps. The central bank governor said China will cut the reserve requirement ratio (RRR) by 25 to 50 basis points before the end of 2024 to boost liquidity. The PBOC also announced a 20 to 25 basis point cut in the loan prime rate (LPR) effective October 21st.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03908","symbol_name":"中金公司","start_time":0,"source_url":"","article_id":"1101865577","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1101865577","pubTimestamp":1729234035,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of China International Capital Corp  surged 16.08% on October 18th, as Hong Kong stocks rallied following the release of better-than-expected economic data from China and the announcement of fresh stimulus measures by the central bank.Investor sentiment received a boost after China reported its GDP grew 4.6% in the third quarter, exceeding expectations. 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