Chinese stocks dived from seven-year high on Tuesday, with the benchmark Shanghai index tumbling 3.5 percent, amid concern that a flood of new offerings might "steal the momentum" from existing equities.
There will be a transitional period of about two months for the switch from the approval-based IPO system to a registration-based one. During the initial phase, the CSRC will continue to issue guidance regarding IPO prices to protect investors' interests, according to Wang.,对保历史These companies have gained funds in the amount of 104.1 billion yuan from their initial public offerings (IPOs), and the figure surpassed the 69.1 billion yuan raised for the whole year in 2014, the China Securities Regulatory Commission (CSRC) announced Friday.
That is mainly because of the different time zones involved, and the fact the stock-connect program depends on both markets being open at roughly the same time, he said, adding it would be very difficult for London and New York stock exchanges, for instance, to try something similar.,The Shanghai Composite has surged 142 percent over the past year, after the central bank cut interest rates three times since November to support the economy, margin trading jumped to a record and an exchange link between Shanghai and Hong Kong started.,There are signs the Chinese government is rushing to take advantage of high stock valuations in the stock market.
The net inflow at such scale was rare, which showed "mysterious" capital had moved to buy up at the market low, said China Fund News, a financial newspaper owned by People's Daily, raising possibility of the purchase made by Central Huijin Investment Ltd, the shareholding entity behind the country's major State-owned financial enterprises.,MSCI and the China Securities Regulatory Commission will form a working group to tackle the remaining accessibility issues and the index provider will include the A shares in the MSCI Emerging Markets Index as soon as the issues are resolved, which may happen "outside the regular schedule" of its annual market classification review, it said in a statement on Wednesday.,"People at work talk about their stock investments all day, debating whether the bull run is over and stocks have entered a bear market," said Liu Chang, 28, who works in the tobacco industry in Wuxi, near Shanghai. "People who lack mental fortitude have exited the market."
Previous Page,支持对保的赌博网站"In June it was really tough for fully employed professionals like me to keep track of the market movements. Stock investment requires full-time attention, but I can't stare at data and news that affect the market when I am in a classroom. Hopefully, the summer holidays will begin soon," said Wang.,The subscriptions may lock up around 7.2 trillion yuan in the market (8 billion), according to Guotai Junan Securities. Minsheng Securities estimated the volume to be over 8 trillion yuan.
CRRC Corp, the rail equipment manufacturing behemoth formed after the merger of China North Railway and China South Railway, jumped to a halt on its first trading day at the Shanghai bourse.,The one-year benchmark deposit rate has been lowered by 115 basis points since the beginning of this year and is now 2 percent, while that of the lending rate has been cut down by 100 basis points in total to 4.85 percent.,1 2 Next Page