ShukriMahadi

CNY state-owned banks' move to sell the greenback and buy the Ch

FX:USDCNH   U.S. Dollar/Chinese Yuan
- πŸ’Ή Chinese stocks and yuan surged after leaders pledged policy support for post-COVID recovery.
- πŸ™οΈ Beijing to focus on expanding domestic demand and preventing risks.
- πŸ“ˆ Tech giants and property developers' shares rose significantly.
- πŸ’Έ Foreign investors bought nearly net 19 billion yuan ($2.66 billion) of Chinese shares.
- πŸ›’οΈ Other sectors saw gains between 2.2% and 4.5%.
- πŸ“Š Goldman Sachs sees economic growth situation as slightly more dovish than expected.
- πŸ—žοΈ Markets closely watching how Politburo's statements translate into actual measures.

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