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Reform plans for Shenzhen buoy Chinese equities, echoing PBs’ overweight stance

Chinese equities extended their rally as the market opened today with news of Shenzhen’s prospective reforms, adding to private banks’ argument to overweight Chinese assets. The CSI 300 index recorded a 3% gain while Hong Kong’s Hang Seng index rose by 2.2% by market close. Notably, the Hang Seng tech index closed up 3.27%. The Chinese stock rally came on…

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