After the Mainland’s close, a statement was released from today’s meeting of the Politburo, which is the Political Bureau of the CPC Central Committee, i.e. the highest echelon of China’s government, which was presided over by President Xi. The statement said that the body would “implement more proactive fiscal policies and moderately loosen monetary policies,” which sent the Hong Kong market vertical in the last hour of trading, as all sectors were positive amid very strong buying of Hong Kong stocks by Mainland investors via Southbound Stock Connect. Unfortunately, the Mainland China market was already closed when the statement was released.
