HONG KONG, Sept. 24 (Xinhua) — Hong Kong’s benchmark Hang Seng Index surged more than 4 percent to surpass the 19,000 mark during Tuesday’s afternoon trading, as a slew of pro-growth measures boosted investor confidence. The Hang Seng Index hit the highest level since a bull run in the second quarter of this year, while the Hang Seng Tech Index, tracking 30 largest technology companies listed in Hong Kong, jumped over 5.7 percent. The gains came after a slew of measures announced by China’s central bank Tuesday to bolster the economy. China will cut the reserve requirement ratio by 0.5 percentage points in the near future, providing about 1 trillion yuan (about 141.78 billion U.S. dollars) in long-term liquidity to the financial market, the People’s Bank of China announced. It will also lower mortgage rates on existing home loans to a level similar to those of newly issued housing loans, with the average reduction to be around 0.5 percentage points.
- Advertisment -单页广告位