The Latest Breaking News from Pan Gongsheng

December S&P 500 E-Mini futures (ESZ24) are trending down -0.02% this morning, taking a breather after the benchmark index finished with its 41st record close this year, while investors looked ahead to remarks from a Federal Reserve official as well as an earnings report from semiconductor giant Micron.

December S&P 500 E-Mini futures (ESZ24) are trending down -0.09% this morning as investors weighed the sustainability of China’s rally and looked ahead to remarks from a Federal Reserve official as well as an earnings report from semiconductor giant Micron.

The Chinese central bank has reduced the amount of reserves banks are required to keep, among other moves it is rolling out to help revive the slowing economy

September S&P 500 E-Mini futures (ESU24) are down -0.02%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.13% this morning, taking a breather after yesterday’s sharp gains, while investors looked ahead to U.S. consumer confidence data and comments from a Federal Reserve official.

Real estate sector has a solid foundation for healthy development over the long term, China’s central bank chief, Pan Gongsheng, told the China Development Forum

A weakening dollar will allow China to loosen its monetary policy without causing more capital flight, says Pan Gongsheng

Biggest reduction since December 2021 will allow 1tn more yuan to be released in form of new loans

PBOC Governor Pan Gongsheng says the reduction of 50 basis points will take effect Feb. 5

Hong Kong's Hang Seng Index and U.S.-listed Chinese stocks jumped again as China said it will cut bank reserve requirements to boost the economy and markets.