The PBOC will also reduce mortgage rates by 50bp, lower the down payment ratio for second homes, and explore options for banks to purchase land from developers. Additionally, an RMB 500bn liquidity program for non-bank financial institutions and a re-lending initiative for share buybacks were announced.
Energy stocks unlikely to rally without crude surge: Anand Tandon
Anand Tandon suggests limited near-term movement in the energy sector, favoring grid infrastructure investments over oil and solar. While geopolitical tensions and Russian oil sanctions