日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Markets

Stock reform allows investors up to 20 accounts

(Xinhua) Updated: 2015-04-13 08:52

Stock reform allows investors up to 20 accounts

Shareholder keeps an eye on the stock market at a brokerage in Huaibei city, Anhui province on April 10, 2015. [Asianewsphoto by Xie Zhengyi]

BEIJING - Investors will no longer be restricted to only one stock account in China's A-share market and each can have up to 20 accounts from Monday, the managing institution for stock accounts said on Sunday.

The China Securities Depositary and Clearing Co, (CSDC) will introduce more such reforms to encourage investment, said CSDC chairman Zhou Ming.

The reform means investors no longer face complicated procedures if they want to transfer their accounts to other brokerage firms. All they need to do is to open new accounts with other firms and the information will be transferred under a new system launched by the CSDC in October.

Dong Dengxin, head of the finance and securities research institute at Wuhan University of Science and Technology, said this will bring about competition on commission fees as investors will choose brokers with low fees.

The Chinese stock market was bearish for about five years until late 2014. With ample liquidity and confidence in the economy, Shanghai stocks shot up to 4,000 on Wednesday, the highest in nearly seven years.

Currently, the commission fee paid to brokerage firms ranges from 0.03 percent to 0.3 percent of the trading volume.

During the current bullish cycle, there is still room for brokerage firms to lower commission fees due to high turnover rate, Dong said.

The competition will surely become more ferocious and slashing commission fees will be an unavoidable trend, said an account manager with a Beijing-based brokerage firm.

Li Daxiao, chief economist at Yingda Securities, said the new measure has put forward higher requirements on brokers.

"Firms dedicated to safeguarding client interests will benefit in the long term, while those entrapping clients will eventually get penalized by the market," Li said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 免费看成人片 | 精品一区二区三区视频 | 成人在线观看免费爱爱 | 久久免费激情视频 | 成人欧美一区 | 免费精品在线 | 中文字幕第十一页 | 91亚洲精品国偷拍自产在线观看 | 亚洲热在线 | 久久久人人人 | 黄色香蕉网 | 欧美成人亚洲 | 久久婷综合 | 超碰99在线观看 | 日日夜夜精品视频 | 手机免费观看av | 黄在线免费观看 | 手机看片国产福利 | 欧美二区三区 | 中文字幕第十一页 | 欧美日韩综合一区二区三区 | 天天爱天天操 | 国产成人精品久久 | 四虎黄色网 | 国产一区二区不卡 | 欧美亚洲一级片 | 91精品国产综合久久久蜜臀 | 一区二区三区免费在线视频 | 五月激情婷婷丁香 | 国产欧美亚洲一区 | 天天干天天色天天爽 | 国产美女一区二区三区 | 国产精品二三区 | 久久久青草 | 欧美日韩在线免费观看视频 | 1024香蕉| 国产精品日韩一区二区 | 国产午夜精品在线 | 亚洲精品aa| 天天射夜夜爽 | 色综合天天综合 |