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

State media campaign aimed at getting investors to buy equities

(Bloomberg) Updated: 2014-09-05 07:00

State media campaign aimed at getting investors to buy equities

Investors at a brokerage in Hangzhou, Zhejiang province. The Shanghai Composite Index rose for a fifth day on Thursday, adding 0.8 percent to close at 2,306.86 points. LONG WEI/CHINA DAILY

Policymakers hope efforts will help reduce speculative investment, risks associated with wealth management products, reports Bloomberg.

State-run media in China are trying to do something the securities industry has failed to accomplish for much of the past three years: get the world's biggest population to buy more stocks.

The Xinhua News Agency published at least eight articles this week advocating equity investing after similar stories appeared in the People's Daily newspaper and on State-run television last month, part of what Everbright Securities Co said is an increased government push to bolster the market. Authorities have also cut trading fees, made it cheaper to open new accounts and organized investor presentations by the biggest listed banks in the past two weeks.

State media campaign aimed at getting investors to buy equities
Shanghai shares close at 15-month high
 
State media campaign aimed at getting investors to buy equities
Top 10 underwriters in China
 
Huang Shi got the message.

The media campaign "did influence my purchase", Huang, a 26-year-old who works in the finance industry in the northeastern city of Harbin, Heilongjiang province, said after shifting more than 20,000 yuan ($3,200) into shares last week. "Also, our stock market had slumped for so long."

Policymakers are trying to rekindle interest in stocks after the Shanghai Composite Index lost $460 billion of market value in the three years through May, the most worldwide, and investors liquidated almost 5 million trading accounts. A shift toward equities may help the government reduce speculative investing in the property market and curb risks tied to lightly regulated wealth-management products, whose assets rose to a record $2.1 trillion in the first half of the year.

The government's promotion of shares, which follows forecasts for gains this year from brokerages including Citigroup Inc and Morgan Stanley, may already be having an impact.

The Shanghai Composite Index rose for a fifth day on Thursday, adding 0.8 percent to 2,306.86 points, as real estate and financial companies gained on speculation the government is loosening financing curbs for developers.

After shrinking for 12 straight weeks through Aug 8 to the lowest level since March 2010, the number of equity accounts containing funds is rising while the pace of new account openings has doubled since May.

The government is also seeking a buoyant stock market as the country of 1.3 billion people opens up further to foreign investors through an exchange link with Hong Kong scheduled to start in October. The program will allow a net 23.5 billion yuan of daily purchases between Asia's biggest equity markets after Japan.

"The government is indeed encouraging stock investment," Zeng Xianzhao, an analyst at Everbright Securities, said by phone from Chongqing on Wednesday. "They need the market to be vibrant to encourage foreign funds into the country."

Xinhua's commentaries and news stories on equities included headlines such as "China needs a bull market with quality" and "How could the stock market be invigorated?"

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 美毛片 | 精品中文字幕一区在线 | 国产一级毛片视频在线! | 国产毛片久久久久久国产毛片 | 亚洲一区二区三区一品精 | 日韩精品亚洲人成在线观看 | 国产亚洲精品自在久久77 | 亚洲三级理论 | 国产一级大片在线观看 | 免费人成年短视频在线观看免费网站 | 毛片在线观看视频 | 久久久精品在线观看 | 欧美午夜免费观看福利片 | 国产美女一区精品福利视频 | 一级美女视频 | 国产成人v爽在线免播放观看 | 一级网站在线观看 | 亚洲欧美另类色妞网站 | 欧美在线不卡 | 日日狠狠久久偷偷四色综合免费 | 欧美一级片免费看 | 久久久久久免费视频 | 免费大片黄手机在线观看 | 中文字幕亚洲区 | 最新怡红院全部视频在线 | 三级毛片免费观看 | 色欧美hdvideosxs4k | 人成午夜性刺激免费 | 国产成人精品一区二区 | 91探花福利精品国产自产在线 | 久草手机在线观看视频 | 二区国产| 草久久久 | 亚洲国产精品一区二区三区在线观看 | 一级做a爰全过程免费视频毛片 | 国产一二三区精品 | 欧美黄视频在线观看 | 免费观看亚洲 | 成年人在线免费 | 欧美黄色免费网站 | 国产一级特黄一级毛片 |