As largely expected, following Friday’s unexpected rate cut by the PBOC (which may have been mostly driven by 5th CCP Plenum considerations), and today’s drop in the onshore Yuan which traded down 0.13% vs the Dollar to 6.3554, China’s stocks opened solidly in the green, led by construction names, with recently troubled Vanke shares jumping 7.4% in early trading, the most since July 10, to their highest level since Aug. 11. Peers such as Longfor, CR Land and China Overseas Land, also jumped by 6.9%, 1.9% and 1.4%, respectively.