October 23, 2024
Xi Jinping’s China stimulus change of mind
Joe Leahy, Edward White and Cheng Leng
Oct 23, 2024 – 2.12pm
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While most people in China spent the week-long national holiday this month enjoying the cooler autumn weather, brokers in Shanghai were stuck in their offices conducting a sector-wide stress test of their trading systems.
The Shanghai Stock Exchange is keen to avoid a repeat of events from late September, when Beijing’s abrupt announcement of its biggest monetary stimulus since the pandemic sparked a stampede by China’s 220 million retail investors back into equities that crashed the market’s trading systems.
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Financial Times