China mainland and Hong Kong equites higher in opening trade

<p>On Wednesday in China:</p><ul><li><a href="https://www.forexlive.com/centralbank/icymi-pboc-to-cut-reserve-requirement-ratio-by-50bp-from-5-february-20240124/" target="_blank" rel="follow" data-article-link="true">ICYMI – PBOC to cut reserve requirement ratio by 50bp from 5 February</a></li></ul><p>There have been further supportive efforts over past days:</p><ul><li><a href="https://www.forexlive.com/news/bloomberg-headline-china-mulls-stock-market-rescue-package-backed-by-278-bn-20240123/" target="_self">China mulls stock market rescue package backed by $278 bn</a></li><li><a href="https://www.forexlive.com/news/chinese-authorities-have-asked-funds-to-restrict-short-selling-stock-index-futures-20240124/" target="_blank" rel="follow" data-article-link="true">Chinese authorities have 'asked' funds to restrict short selling stock index futures</a></li></ul><p>Chinese shares have risen from their lows and have sustained the gains, added to them, so far today. </p><p>Hong Kong's Hang Seng is up around 0.6% while the Shanghai Composite is up around 1.2%:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.