[Special Stock] Coloray, China Launches Strong Economic Stimulus... Highlighted as No.1 in Cosmetics Pearl Market Share Increase

ColorRay is showing strong performance. Amid China's robust economic stimulus measures, ColorRay, which holds the number one market share in the Chinese cosmetics pearl pigment market, is believed to have been positively affected.

As of 9:24 AM on the 25th, ColorRay is trading at 732 KRW, up 14.02% compared to the previous day.

At a joint press conference held by the State Council Information Office, Pan Gongsheng, Governor of the People's Bank of China, stated, "The reserve requirement ratio will soon be lowered by 0.5 percentage points (p) to provide long-term liquidity of 1 trillion yuan (approximately 189.4 trillion KRW) to the financial market." Governor Pan also added, "Depending on the liquidity situation in the market this year, an additional cut of 0.25 to 0.5 p in the reserve requirement ratio may be implemented."

In an unusual move, the joint press conference was attended by the three major financial leaders: Governor Pan, Li Yunze, Director of the National Financial Regulatory Administration, and Wu Qing, Chairman of the China Securities Regulatory Commission, signaling the Chinese authorities' strong commitment to economic stimulus.

Following the Chinese government's strong determination to stimulate the economy, the Shanghai Composite Index rose by over 4%, marking the largest increase since July 6, 2020, in terms of percentage gain.

Meanwhile, ColorRay is the leading company in the cosmetics pearl pigment market in China. It is expanding its presence not only in China but also in the US, Europe, and Korean markets. ColorRay products are used by brands such as L'Or?al, Est?e Lauder, Chanel, and Dior.