Recently, Pan Gongsheng, the Governor of the People’s Bank of China, announced a series of new policies aimed at promoting the stable development of the financial market. These policies include lowering the reserve requirement ratio, reducing mortgage interest rates, and introducing new monetary policy tools to support the stock market. These measures are also regarded as the main reasons behind the recent surge in China’s stock market.
Three Major Easing Measures by the Peoples Bank of China Capital Release Reduced Mortgage Rates and Stock Market Capitalization