Chinese equities surge on the back of biggest stimulus package in years

Host of policy measures

The Chinese equity market has rallied following the news that the central bank is unleashing the biggest stimulus package since the start of the Covid pandemic, in a bid to boost economic growth.

The SSE Composite index - which represents the overall performance of companies listed on the Shanghai Stock Exchange – was up almost 4% at the time of publication, recording a significant jump in the minutes following the People's Bank of China's (PBOC) press conference, according to MarketWatch. FundCalibre's Juliet Schooling Latter: The question of emerging markets' revival The PBOC said it will cut the amount of cash that banks must hold as reserves – known as reserve requirement ratios (RRR) – by 50 basis points. It will also cut a key policy rate by 0.2 percentage points to 1...