An investor monitors stock prices at a brokerage in Beijing in February 2019. Photo: AP
Alibaba’s record 12 per cent rally lifts Hang Seng from 14-month low as China injects US$188 billion of liquidity
- China’s central bank announced a cut in banks’ reserve-requirement ratio with effect from December 15, unleashing US$188 billion of liquidity into the system
- Alibaba Group soared 12 per cent, a record since its November 2019 listing in Hong Kong following a 10 per cent overnight gain in its US-listed securities
An investor monitors stock prices at a brokerage in Beijing in February 2019. Photo: AP
