China Daily Reads

China Daily Reads

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China Daily Reads
China Daily Reads
Hong Kong stocks rise for third day as China pledges monetary easing, top banks cut deposit rates to aid recovery

Hong Kong stocks rise for third day as China pledges monetary easing, top banks cut deposit rates to aid recovery

Dec 22, 2023
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China Daily Reads
China Daily Reads
Hong Kong stocks rise for third day as China pledges monetary easing, top banks cut deposit rates to aid recovery
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  • China’s central bank pledges to maintain ‘reasonable’ credit growth to support economic recovery

  • ICBC, Construction Bank and peers cut deposit rates to protect margins, spur consumer spending

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