China’s stock market is being tested at the start of the new year! 📈 Hong Kong’s stock market is experiencing volatility, while the yuan is struggling against the US dollar. However, authorities are moving quickly to stabilize the situation.

- The Shanghai and Shenzhen exchanges have asked large mutual funds to hold off on massive stock sales, hoping to mitigate the market’s decline. The move was accompanied by an 800 billion yuan stimulus package.

- Hong Kong has played a key role in stabilizing the yuan. The People’s Bank of China has sold bonds in Hong Kong to reduce excess liquidity and strengthen the currency.

- With Donald Trump back in the US presidency, tariff uncertainty is putting further pressure on the yuan. However, China remains optimistic about the stabilization measures in place. 💪