hong: The National Development and Reform Commission announced those plans during a press briefing, according to CNN. Hong Kong has also taken measures to help avert a recession. Hong Kong's Hang Seng Index HSI gained 0.9%, while China's Shanghai Composite Index SHCOMP went up 0.3%. China said it would step up its efforts to boost disposable income and stabilize employment. On Thursday, the city's government unveiled a stimulus package worth about 19 billion Hong Kong dollars 2.4 billion . Some companies that trade in Hong Kong and Shanghai also posted strong earnings. Its Shanghai-traded stock also gained. Ping An Insurance PIAIF China's largest insurer, climbed in Hong Kong after it posted a 68% surge in its first-half net profit.
(news.financializer.com). As
reported in the news.
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