Chinese stocks are having their best rally in years, as investor sentiment surged after officials unveiled new monetary stimulus measures and pledged to do more to support growth in the world’s second-largest economy.
And yet equity markets in mainland China have yet to fully take part. Markets in Shanghai and Shenzhen have been closed since Oct. 1, as China celebrated the weeklong National Day Golden Week holiday.
Chinese markets reopen Tuesday, allowing Chinese investors to rejoin the market rally. And shortly after it opens, a panel of senior officials led from the National Development Reform Commission is set to hold a press conference to brief reporters on the implementation of the stimulus measures, according to a notice from the state council. The panel will be led by the commission’s chairman Zheng Shanjie.
Hong Kong’s Hang Seng Index is up 21.5% since Sep. 24, when the People’s Bank of China unveiled…
