在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

US EUROPE AFRICA ASIA 中文
Business / Markets

Regulatory measures put stocks into a spin

By Xie Yu and Li Xiang (China Daily) Updated: 2015-05-08 07:38

Regulatory measures put stocks into a spin

An investor checks share prices at a securities brokerage in Haikou, Hainan province, on Thursday. The benchmark Shanghai Composite Index lost more than 8 percent in the past three trading days. [Photo/China Daily]

Efforts by the Chinese regulatory authorities to clamp down on alleged stock trading irregularities have dealt a serious blow to investor sentiment, triggering a sell-off that has sent the leading indicator down more than 8 percent over the past three days.

The benchmark Shanghai Composite Index dropped 2.8 percent on Thursday to close at 4,112.21 points, continuing a week-long losing streak.

Turnover on the bourse sank to 540.2 billion yuan ($87.1 billion) from 716.5 billion yuan the day before.

Many analysts attributed the latest setback to a "technical correction", effectively market language for profit taking.

They said the regulatory intervention had given many stock investors an excuse to take profits while others chose to stay on the sidelines, waiting for further monetary easing measures from the central bank.

The construction, power, insurance and airline sectors were the hardest hit.

Guodian Power Development Co Ltd dropped by the daily limit of 10 percent on Thursday before trading was suspended. China Life Insurance Co Ltd lost 6 percent.

The Hong Kong stock market fell in tandem with Shanghai, with the benchmark Hang Seng Index losing 1.27 percent on Thursday to 27,289.97. Turnover remained flat at HK$161.6 billion ($20.84 billion).

Analysts said that investor sentiment had been hit by the repeated warnings from the China Securities Regulatory Commission that it would take action to clamp down on excessive margin trading to cool down the overly heated market.

The China Securities Journal quoted sources as saying that the CSRC had begun to investigate the flow of capital from banks into the stock market through irregular channels.

Banking sources in Shanghai told China Daily they have stopped offering some personal loan products that they knew were used by borrowers to fund investments in stocks.

"We are aware that bank supervisors are sensitive about excessive leveraging in the stock market," said Nick Fu, a strategist with a Shanghai-based brokerage.

"It is no surprise that bank regulators are concerned about margin trading on borrowed funds, which has become a major source of market liquidity.

"But we don't believe the central bank will want to risk sending the market into a rout."

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 免费av网站在线观看 | 国产日韩综合 | 中国av在线播放 | 美日韩一区二区三区 | 高清一级片 | 91日韩欧美 | 欧美一级黄| 可以免费看av的网站 | 黄色综合网 | 精品国产欧美 | 波多野结衣乳巨码无在线观看 | 秋霞福利视频 | 欧美三级 欧美一级 | 青青草成人在线 | 青青在线视频 | 久久久久久久免费视频 | 白白色在线观看 | 精品视频在线观看 | 欧美在线免费观看 | 中文字幕在线观看网址 | 亚洲精品午夜 | 日韩一区二区免费视频 | 香蕉视频一区二区 | 天天操一操 | 日韩免费在线观看视频 | 国产美女网站 | 性史性dvd影片农村毛片 | 欧美日韩国产二区 | 国产不卡在线观看 | 色综合五月 | 久久精品视频一区 | 欧美福利一区 | 一级免费av | www.日韩.com | 国产午夜av| 欧美顶级黄色大片免费 | 91啦丨九色丨刺激 | 午夜精品视频在线 | 日韩欧美中文字幕在线观看 | 中文亚洲字幕 | 亚洲小视频在线观看 |