China will implement both broad and targeted cuts in the reserve requirement ratio (RRR) for banks "in a timely manner," China's cabinet said in a meeting on Wednesday, an indication that a cut in the key ratio aimed at boosting lending could be imminent.
SHANGHAI: China stocks rallied on Thursday, boosted by hopes Beijing will cut a key ratio to shore up the economy, while another round of talks between China and the U.S. in October aided sentiment.
The CSI300 index rose 1.6% to 3,948.99 at the end of the morning session, while the Shanghai Composite Index gained 1.6% to 3,003.44.
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