Chinese tech stocks are hitting highs not seen in more than a year after China’s central bank announced measures to stimulate the world’s second-largest economy.

The central bank on Friday lowered interest rates and injected liquidity into the banking system as Beijing assembled a last-ditch stimulus assault to pull economic growth back towards this year's roughly 5 per cent target. More fiscal measures are expected to be announced before China's week-long holidays starting on Oct. 1. The CSI 300 rallied nearly 15% this week and Hong Kong’s Hang Seng index is set for its best week since 1998.

Dan Chang, Investment Specialist and Trading Representative at PhillipCapital, tells us about the Chinese stimulus measures' impact on the Singapore market and what he is looking forward to in the days ahead.  

 

 

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