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 / Finance

China stocks up on preferred stock trial

(Xinhua) Updated: 2014-03-21 17:15

China stocks up on preferred stock trial

Will stock market brace for more falls in 2014?

China stocks up on preferred stock trial

 Happy start to new year for China amid bad news elsewhere

BEIJING - Chinese shares rose sharply higher Friday on the announcement of regulations for a preferred stock trial by the country's securities regulator on Friday.

The China Securities Regulatory Commission (CSRC) Zhao Xiaojun said the trial is an important reform to China's capital market. The cabinet decided in late November to launch the trial and specific rules are now available.

The benchmark Shanghai Composite Index jumped up 2.72 percent, or 54.14 points, to finish at 2,047.62.

The Shenzhen Component Index rose 3.48 percent, or 243.37 points, to close at 7,241.57.

Combined turnover on the two bourses expanded to 228.73 billion yuan ($37.21 billion) from 209.15 billion yuan the previous trading day.

Qin Xiaobin of China Galaxy Securities said the preferred stock pilot was a major driving force in Friday's strong rally. Preferred stocks are senior to common stock in terms of dividend payment and assets, and the trial could boost direct financing, cater to diversified needs of investors and facilitate the mergers and acquisitions among enterprises.

"The market was boosted by government measures recently despite concern of a slowdown. Those measures include the urbanization plan and approval for construction of five railways by the National Development and Reform Commission," Qin said.

China's cabinet expects economic growth within a "reasonable range" and wants measures in place as soon as possible to expand the domestic market and stabilize growth.

Banks rose across the board with the Industrial and Commercial Bank of China, the nation's largest State-owned lender, rising 1.83 percent to 3.34 yuan per share; China Construction Bank, the second largest, rose 2.38 percent to 3.87 yuan. The banking sector jumped 4.39 percent.

Real Estate sector also registered strong gains with China Vanke, China's largest property developer, surging 6.66 percent to 8.01 yuan. Brokerage firms gained 4.7 percent and the coal sector went up 4.48 percent.

Related:

CSRC grants approval for developers' refinancing

China yuan weakens to 6.1475 against USD

Singapore Exchange to introduce China A50 futures options

China's 'baby boom': cradle of financial reform?

Flawed IPO reform crippling market: Experts

SSE to speed development of blue-chip market

Domestic PE market suffering second year of decline

China stocks up on preferred stock trial China stocks up on preferred stock trial
 China's CSI300 index in biggest loss in 7 months

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 日韩一级伦理片 | 日本波多野结衣视频 | 成人午夜天 | 欧美俄罗斯一级毛片激情 | 久9这里精品免费视频 | 台湾一级特黄精品大片 | 国产精品视频一区二区猎奇 | 欧美另类 videos黑人极品 | 久草在线 | 国产精品欧美日韩一区二区 | 久草视频免费在线播放 | 久久综合亚洲一区二区三区 | 免费播放欧美毛片 | 成在线人视频免费视频 | a级毛片免费观看视频 | 国产精品99精品久久免费 | 亚洲精品综合一区二区三区在线 | 久青草国产手机在线观 | 日本一区二区三区高清福利视频 | 男人的天堂黄色 | 欧美一级网站 | 久久久99视频 | 免费一级毛片在播放视频 | 日产毛片 | 国产一区二区三区视频在线观看 | 毛片在线高清免费观看 | 久久精品99精品免费观看 | 综合网自拍 | 日本成人三级 | 日本特黄特色 | 久草视频在线首页 | 高清在线一区二区三区亚洲综合 | 香蕉97碰碰视频免费 | 精品日韩欧美一区二区三区 | 一个人看的日本免费视频 | 久久人人草 | 怡红院成人网 | 在线免费观看欧美 | 中文一区二区在线观看 | 99re免费99re在线视频手机版 | 国产真实乱子伦精品 |