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

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: 天天天操操操 | 天天色天天操天天射 | 激情国产视频 | 九一在线视频 | 亚洲国产日韩在线 | 成年人的免费视频 | 欧美日韩一区二区在线观看 | 精品一区在线播放 | 国产午夜精品久久久久 | 欧美日韩在线国产 | 一级片aaa| 在线看黄色网址 | 欧美偷拍综合 | 天天色天天操天天射 | 欧美日皮视频 | 都市激情视频 | 亚洲午夜片 | 性爱在线免费视频 | 99在线观看免费视频 | 亚洲一区二区三区在线播放 | 婷婷六月色 | 欧美精品一区二区三区蜜臀 | 伊人久久青青 | 超碰在线国产 | 中文区中文字幕免费看 | 亚洲国产一区二区在线观看 | 欧美日韩国产精品一区 | 久久成人激情 | 国产精品成人免费精品自在线观看 | 一区二区三区av在线 | 亚洲视频播放 | 自拍视频在线观看 | 欧美一级特黄视频 | 欧美日韩一区二区三区不卡 | 亚洲在线视频一区二区 | 97人人干 | 国产在线免费视频 | 国产精品免费久久久 | 成年午夜视频 | 欧美一级二级三级视频 | 国产精品久久不卡 |