Hong Kong bourse advanced impressively after China announced a series of financial policy measures. Following the HSI opened 326 pts higher, the gain widened. The index closed 753 pts or 4.1% higher at 19,000. The HSCEI soared 325 pts or 5.1% to close at 6,714. The HSTECH leaped 217 pts or 5.9% to 3,915. The total market turnover for the day spiked to $242.399 billion, being the highest since May 31, 2022.The People's Bank of China (PBOC) will lower the interest rate on outstanding mortgage and unify the minimum down payment ratio for mortgages. Chinese property developers R&F PROPERTIES (02777.HK) +0.120 (+16.000%) Short selling $1.50M; Ratio 4.065% and CIFI HOLD GP (00884.HK) +0.032 (+14.035%) Short selling $2.44M; Ratio 5.910% skyrocketed 16% and 14%. SUNAC (01918.HK) +0.140 (+13.592%) Short selling $17.79M; Ratio 3.059% shot up 13.6%. KWG GROUP (01813.HK) +0.025 (+10.870%) rallied 10.9%. AGILE GROUP (03383.HK) +0.035 (+8.140%) and SINO-OCEAN GP (03377.HK) +0.015 (+7.614%) swelled 8.1% and 7.6%. CHINA OVERSEAS (00688.HK) +0.600 (+5.068%) Short selling $81.27M; Ratio 13.782% , CHINA RES LAND (01109.HK) +1.250 (+5.910%) Short selling $69.69M; Ratio 8.605% and LONGFOR GROUP (00960.HK) +0.490 (+5.600%) Short selling $63.48M; Ratio 12.540% jumped up more than 5%. The PBOC said it will reduce the reserve requirement ratio (RRR) by 0.5 ppts in the near future. CM BANK (03968.HK) +3.350 (+10.824%) Short selling $438.66M; Ratio 18.263% , a Chinese bank, mushroomed 10.8%. BANKCOMM (03328.HK) +0.350 (+6.352%) Short selling $19.51M; Ratio 7.253% and ICBC (01398.HK) +0.260 (+5.856%) Short selling $592.56M; Ratio 15.415% rose sharply by 6.4% and 5.9%.Related NewsG Sachs: CN Aug E-commerce Engagement Growth Keeps at 8%; BABA-W DAU Shr Sturdy at 41%The PBOC’s creation of swap facility for securities/ funds/ insurance companies boded well for the stock market. Brokers CITIC SEC (06030.HK) +1.260 (+10.413%) Short selling $52.52M; Ratio 8.532% , CICC (03908.HK) +0.950 (+11.190%) Short selling $60.97M; Ratio 9.112% , CSC (06066.HK) +0.530 (+9.779%) Short selling $3.26M; Ratio 3.215% , CGS (06881.HK) +0.400 (+9.346%) Short selling $19.42M; Ratio 4.090% and HTSC (06886.HK) +0.800 (+9.569%) Short selling $4.32M; Ratio 3.749% ballooned 9.3%-11.2%. Chinese insurers PING AN (02318.HK) +2.700 (+7.171%) Short selling $1.41B; Ratio 23.313% and CHINA LIFE (02628.HK) +0.840 (+6.885%) Short selling $190.02M; Ratio 15.484% elevated 7.2% and 6.9%. ZA ONLINE (06060.HK) +0.620 (+6.352%) Short selling $5.14M; Ratio 6.332% advanced 6.4%. CPIC (02601.HK) +2.650 (+12.471%) Short selling $189.73M; Ratio 19.267% escalated 12.5%.BABA-W (09988.HK) +5.250 (+6.052%) Short selling $2.54B; Ratio 19.789% ’s cloud computing unit and Nvidia (NVDA.US) nailed cooperation in artificial intelligence, so that Chinese automakers can promote the self-driving experience. The stock price of BABA-W leapfrogged 6.1%. For autos, LI AUTO-W (02015.HK) +8.550 (+10.106%) Short selling $223.79M; Ratio 11.597% and NIO-SW (09866.HK) +4.450 (+11.139%) Short selling $67.57M; Ratio 21.540% spiked 10.1% and 11.1%. LEAPMOTOR (09863.HK) +1.400 (+6.087%) Short selling $9.21M; Ratio 6.307% and XPENG-W (09868.HK) +2.400 (+6.452%) Short selling $76.51M; Ratio 11.119% skyrocketed more than 6%. BYD COMPANY (01211.HK) +8.400 (+3.494%) Short selling $390.35M; Ratio 14.803% mounted 3.5%.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-09-24 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)