The Internet sector of Hong Kong stocks ushered in a rebound! On March 17th, the Hang Seng Internet Technology Industry Index rose 8.41%. In terms of individual stocks, Baidu Group rose by 16.20%, JD.COM Group by 15.85%, Meituan by 12.29%, Alibaba by 12.46% and Tencent Holdings by 6.27%.The collective rise of Internet giants is closely related to the special meeting held by the Financial Stability and Development Committee of the State Council on March 16th. The meeting proposed that, with regard to the platform economic governance, relevant departments should improve the established plan acco...
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BEIJING, March 17 (Xinhua) -- Chinese policymakers have sent a clear signal to perk up the economy and stabilize the capital market amid a complex external environment and global uncertainties.The shot in the arm came from a State Council meeting held Wednesday, which urged concrete actions to bolster the economy in the first quarter, noting that monetary policy should take the initiative to cope with the situation, and new loans should maintain an appropriate growth.The meeting of the financial stability and development committee also made policy announcements on issues of market concern. The...
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BEIJING, March 17 (Xinhua) -- On March 5, Chinese President Xi Jinping re-emphasized the necessity for the country to put into practice the new development philosophy, calling it the path that must be taken to develop China into a strong nation in the new era.'As long as we apply the new development philosophy in full, in the right way and in all fields of endeavor, accelerate efforts to create a new development pattern, promote high-quality development and speed up strengthening our country's science and technology capacity, we will definitely be able to consistently improve the compe...
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BEIJING, March 16 (Xinhua) -- The financial stability and development committee under China's State Council held a meeting on Wednesday, urging measures to keep the country's major economic indicators within an appropriate range and maintain stable operation of the capital market.The meeting was presided over by Vice Premier Liu He, also head of the committee and a member of the Political Bureau of the Communist Party of China (CPC) Central Committee.Concrete actions must be taken to bolster the economy in the first quarter, the meeting said, noting that monetary policy should take the...
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BEIJING, March 16 (Xinhua) -- China continued to see a generally stable housing market in February, with home prices in 70 major cities showing slight month-on-month increases, official data showed Wednesday.New home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- rose 0.5 percent month on month in February, compared with a 0.6-percent increase registered in January, according to data from the National Bureau of Statistics (NBS).Prices of second-hand homes in the four cities gained 0.5 percent, up 0.4 percentage points from the growth in January.New home prices...
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