A-Shares Have Fallen After Previous RRR Cuts, Rate Cuts Positive

First chart is rate cuts. Change in deposit rate, lending rate and the next day stock market change. The only drop following a rate cut was August 25 of this year, amid a global sell-off.

RRR cuts are not as positive, with equities falling after the past 4 cuts. The chart shows the before, after, change in RRR, then the next day returns for the Shanghai and Shenzhen stock markets.

Source: 中国央行历次降息、降准后股市次日表现一览

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