MTC - What's Going On With MMTec Stock Today? | Benzinga
MMTec, Inc. (NASDAQ:MTC) shares are trading lower Monday. The stock appears to be pulling back after rallying Friday after China unveiled measures to support the property sector. New reports suggest the measures fell short of expectations.
What Happened: China on Friday announced housing measures to offer up to 1 trillion yuan ($138 billion) in funding and ease rules for mortgages, per Reuters.
The measures were expected to create 500 billion yuan worth of bank financing. China’s central bank also said it would create a 300 billion yuan relending facility ...