Bloomberg headline: China mulls stock market rescue package backed by $278 bn

  • China is considering a 1 trillion yuan fiscal stimulus and special bond stimulus to rescue the stock market

Bloomberg citing unnamed sources for the report:

  • China considering a 1 trillion yuan fiscal stimulus
  • Also considering special bond stimulus

Mainland and Hong Kong stocks pop.

CNY also a little higher.

CNH too:

usdcnh china rescue package 23 January 2024 22

We have had hints and innuendo of something like this. Tru this time?

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