ShukriMahadi

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

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

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