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 regain ground on govt reassurances

By Cai Xiao (China Daily) Updated: 2016-01-23 08:08

Regulations will be used to curb volatility, says top official

Share prices rose on Friday after the government signaled it will curb overcapacity in industries that have been dragging down economic growth.

The benchmark Shanghai Composite Index gained 1.25 percent to close at 2,916.56 points while the Shenzhen Component Index jumped by 1.36 percent.

The Economic Information Daily reported on Friday that the government will provide 100 billion yuan ($15 billion) a year to help reduce capacity in the coal and steel sectors.

Market sentiment also improved after Vice-President Li Yuanchao sought to reassure investors that the government would use regulations to curb volatility in a market that was "not yet mature".

"An excessively fluctuating market is a market of speculation where only a few will gain the most benefit, when most people suffer," Li, who is attending the World Economic Forum in Davos, Switzerland, said in an interview with Bloomberg.

China Securities Regulatory Commission Vice-Chairman Fang Xinghai told CNN at Davos that market volatility will be part of the "new normal" as China continues to transition from an economy based on investment and exports to one driven by consumption.

He estimated that the current economic transition would go on for another three to five years.

Fang said Chinese markets are more volatile than developed markets because they are dominated by individual investors who lack the experience of large institutional investors.

China introduced a circuit breaker mechanism at the start of this year to protect small investors from big market swings. But instead of offering protection, it constrained liquidity further.

Fang said that having a circuit breaker was "not an appropriate policy for China", and that the market regulator would intervene to allow markets to fluctuate more naturally.

"Li's comments show that China is determined to strengthen laws and regulations to check illegal activities and market manipulation," said Deng Haiqing, chief economist at JZ Securities Co.

Liu Jipeng, director of the Capital Research Center at the China University of Political Science and Law, said that regulators used to focus more on the scrutiny and approval of initial public offerings.

But now they need to have strengthen regulations for companies after they list or delist.

"The regulators also need to improve the systematic design of the A-share market, such as limiting share sales by major shareholders and ways to activate large-capitalization stocks such as China's four large State-owned banks," said Liu.

The China Securities Regulatory Commission said on Friday that the Securities Association of China will introduce self-regulatory guidelines for sponsor institutions after a review of advance compensation for sponsor institutions was carried out in November.

Bloomberg and CNN contributed to this story.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产一级做a爱片久久毛片a | 国产性自爱拍偷在在线播放 | 亚洲成a v人片在线看片 | 黄色一级网址 | 日韩免费观看一级毛片看看 | 欧美成人a | 最新福利片v国产片 | 亚洲成人免费在线观看 | 精品国产欧美一区二区三区成人 | 久在线播放 | 日韩精品一区二区在线观看 | 特级aaaaaaaaa毛片免费视频 | 中文字幕在线精品 | 亚洲一区欧美一区 | 性欧美巨大的视频 | 国产成人免费网站在线观看 | 国产三级午夜理伦三级 | 免费区一级欧美毛片 | 国产精品久久久久久一级毛片 | 精品国产美女福利到在线不卡 | 9久9久热精品视频在线观看 | 日本乱人伦片中文三区 | 丝袜一级片 | 成人看片黄a毛片 | 欧美乱爱| 黄色美女免费网站 | 欧美大片在线观看成人 | 免费国产成人手机在线观看 | 国产一区二区免费在线 | 岛国大片在线播放高清 | 91人成亚洲高清在线观看 | 久久香蕉国产线看观看式 | 成年女人免费视频播放成年m | 精品国产杨幂在线观看福利 | 亚洲va在线va天堂va四虎 | 九九香蕉网 | 99视频九九精品视频在线观看 | 乱码一区| 2021国产成人精品久久 | 欧美成人观看视频在线 | 美国毛片aa |