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: 亚洲黄色三级 | 中文字幕精品视频在线观看 | 狠狠搞狠狠干 | 亚洲一区中文 | 天天拍夜夜爽 | 国产精品久久久久久久久久免费看 | 久色免费视频 | 亚洲黄页| 青青草这里只有精品 | 免费中文字幕日韩欧美 | 日本黄页网站免费大全 | 久久久久久久久久久久久久av | 久久三级视频 | 久久精品久久精品 | 一本久草| 天干夜天干天天天爽视频 | 亚洲欧美日韩精品在线 | 成人不卡在线 | 色国产在线| 午夜免费激情视频 | 中文字幕视频在线 | 国产a久久 | 在线一二三区 | 4444在线观看 | 日韩中文欧美 | 麻豆国产在线视频 | 亚洲成人精品在线播放 | 中文字幕一区二区三区av | 91精品一区 | 日韩欧美中文 | 欧日韩视频 | 日韩欧美在线中文字幕 | 99视频导航| 日韩男人的天堂 | 超碰免费人人 | 亚洲天堂二区 | 四虎地址8848 | 91色精品| 日韩免费在线观看视频 | 一本岛在线| 黄色动漫在线免费观看 |