Hang Seng Index tops 20,000 as Hong Kong stocks head for biggest week in 15 years

Quick Summary:

The city’s benchmark index has advanced 11.9 per cent this week, heading for the best weekly gain since 2009 in a US$440 billion bull run.

In the latest move to boost the economy, the People’s Bank of China cut the reserve requirement ratio for all banks by 50 basis points on Friday to “create a favourable monetary and financial environment” for stable economic growth, the central bank said in a statement.

The city’s benchmark index has advanced 11.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Jiaxing Li

Category: Business

Markets: Hong KongChina

Topics: Hang Economy Jumped Index Advanced City’s Cent Market Surged Seng Time

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 10:06:48 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 250 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22744191

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 16 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 42 minutes ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions