China shares hit fresh 7-year high

Equities in China hit another seven-year high on Monday, after its central bank hinted at additional stimulus measures. The unveiling of further details of Beijing’s Silk Road infrastructure initiative also helped boost stocks higher.

Shanghai’s share index rose about 2.5 per cent to levels not seen since May 2008, while the Hang Seng index also added around 3.5 per cent.

China’s central bank, The People’s Bank of China (PBOC), hyped up market expectations for even more monetary stimulus to boost the economy.

The PBOC’s governor said that “China can have room to act”, which hints of additional stimulus on the horizon.

Further positive pressure came from the government’s “One Belt, One Road” initiative, which plans to build a modern-day Silk Road to connect Europe and Africa with China. Alongside the building of roads, rails and ports, the plan calls for the construction of oil and natural gas pipelines. Funding will also be given to fibre optic networks, information technology, new energy and bio technology.

Investment for the plan will range between $48 and $64 billion, according to analysts.

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

Office network

One Financial Markets is the trading name of Axi Financial Services (UK) Ltd, a company registered in England with company number 6050593. Axi Financial Services (UK) Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201) and the Financial Sector Conduct Authority in South Africa (with FSP number 45784).

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

www.onefinancialmarkets.com is owned and operated by Axi Financial Services (UK) Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: