www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

Equities rise to 11-week high on stability hopes

By Li Xiang (China Daily) Updated: 2015-11-10 09:40

Resumption of initial public offerings helps deflect gloom over weak data, trade prospects

Stock prices rose to an 11-week high on Monday as the resumption of initial public offerings by the regulator was interpreted by investors as signs of growing confidence by the authorities that the country's stock market has stabilized.

The benchmark Shanghai Composite Index gained 1.58 percent to close at 3,646.88 points, after rebounding by more than 20 percent from its August low. The Shenzhen Component Index rose 1.47 percent while the startup ChiNext Index jumped by 2.37 percent.

Monday's gain was led by financial stocks which were boosted by the government decision to lift the IPO ban imposed in July to stem the dramatic market fall in the summer.

The Internet sector also rose strongly on Monday with the gauge of information technology companies advancing 3.83 percent.

The resumption of IPOs, which is often regarded as a negative factor that could burden the market with new share supplies, will unlikely change the market's rebound course, and the new IPO rules introduced by the regulator will likely attract fresh capital into the market, analysts said.

On Friday, the China Securities Regulatory Commission announced the decision to resume the IPO process after halting the mechanism since early July.

In addition, the regulator further reformed the IPO system by scrapping the requirement for fund deposits when investors apply for new share subscription.

The reformed IPO process is aimed at preventing new share sales from draining liquidity from the market, which can cause sharp market volatilities, the regulator said.

In early June, 25 IPOs locked up a staggering 5.69 trillion yuan ($890 billion), according to the CSRC, as investors flocked to bid for new shares which are considered a risk-free investment option with guaranteed gains as they often surged substantially on their listing debuts.

"There have been concerns about the reopening of IPOs for some time. Such concerns of liquidity diversion by IPOs have become a market overhang," Hong Hao, chief strategist at investment bank BOCOM International Holdings Co in Hong Kong, wrote in a research note.

"The new rules of not locking in IPO deposits should ease liquidity disruption. The market should stretch its rebound now that the overhang is removed," he said.

The positive market response on Monday also indicated that the IPO resumption was largely seen by investors as a timely and positive step to restore the fund raising function of the market for companies that face financing difficulties amid a slowing economy, analysts said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲视频在线观 | 一级片美国 | 欧美一级视频免费看 | 高清一本之道加勒比在线 | 一男一女的一级毛片 | 国产特黄特色的大片观看免费视频 | 成人性视频在线 | 国产女人成人精品视频 | 99久久精品无码一区二区毛片 | 国产成人免费视频 | 国产亚洲欧美视频 | 美女一级视频 | 成人老司机深夜福利久久 | 精品99视频| 欧美激情欧美狂野欧美精品免费 | 欧美日韩在线第一页 | 欧美日韩精品一区二区视频在线观看 | 国产综合在线视频 | 亚洲欧美在线播放 | 精品国产区一区二区三区在线观看 | 色综合视频一区二区观看 | 成人免费在线播放视频 | 午夜影院黄 | 久久久国产99久久国产久 | 在线一区视频 | 99视频只有精品 | 亚洲国产韩国一区二区 | 污到下面流水的视频 | 欧美亚洲综合视频 | 久草热久草视频 | 日日a.v拍夜夜添久久免费 | 久久成人黄色 | 一级毛片 在线播放 | 一级特黄爽大片刺激 | 日本免费一区二区三区看片 | 在线播放亚洲视频 | 亚洲成人中文字幕 | 国产一区二区免费视频 | 欧美videos极品 | 久久精品一区二区三区四区 | 欧美一级永久免费毛片在线 |