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 / latest news

China curbs IPOs, enlists brokers in all-out bid to end market rout

(Agencies/Xinhua) Updated: 2015-07-05 06:59

China curbs IPOs, enlists brokers in all-out bid to end market rout

A Chinese investor watches the stock trend on the cell phone at a stock brokerage house, July 3, 2015.[Photo/IC]

BEIJING/SHANGHAI - China froze share offers and set up a market-stabilization fund on Saturday, the Wall Street Journal said, as Beijing intensified efforts to pull stock markets out of a nose-drive that is threatening the world's second-largest economy.

Beijing's reported suspension of initial public offers (IPOs) came a few hours after extraordinary announcements by major brokers and fund managers, which collectively pledged to invest at least $19 billion of their own money into stocks.

China's government, regulators and financial institutions are now waging a concerted campaign to prop up the nation's two main share markets, amid fears that a meltdown would rock the financial system and inflict heavy losses across an economy where annual growth is already running at a 24-year low.

Almost $3 trillion in market value - more than the entire economic output of Brazil - has been wiped out since markets went into reverse last month.

The main Shanghai Composite Index has lost around 30 percent of its value in three weeks, a dramatic end to an equally breathtaking rally that saw it more than double in just seven months.

The sell-off is especially worrying because the bull market had been built on a mountain of speculative loans. Some analysts suggest total margin lending, both formal and informal, could add up to around 4 trillion won ($3.6 billion).

The stock markets are dominated by retail investors.

China's top brokerages said on Saturday they would collectively buy at least 120 billion yuan ($19.3 billion) of shares - a pledge that, according to the Wall Street Journal, would form part of Beijing's new stabilisation fund.

Separately on Saturday, 25 Chinese mutual funds announced they too would put their own capital into stocks.

The fund managers did not give a figure but said they would invest into their own funds, alongside their customers.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲视频中文字幕在线观看 | 日韩一区二区三区在线观看 | 国产精品乱码一区二三区小蝌蚪 | 久草手机在线视频 | 国产高清免费视频 | 一区二区三区视频在线 | www.色婷婷| 亚洲第一页av | 草久久免费视频 | 亚洲精品第一页 | 免费播放毛片 | 亚洲第一视频网站 | 日韩网站免费观看 | 日日弄天天弄美女bbbb | 97在线免费观看视频 | 最新超碰在线 | 黄色国产| 欧美一区二区在线视频 | 欧美日韩中文字幕在线观看 | 91免费黄 | 一级做a爱片久久毛片 | 色区视频 | 久久久久爱 | 精品一级视频 | 国内精品视频在线播放 | 伊人春色视频 | 青青国产精品 | www.四虎com| 看片在线| 狠狠干快播 | 日本成人一区二区 | 一级片视频播放 | 日韩成人免费 | 亚洲第一黄网 | 国产又粗又长 | 91传媒理伦片在线观看 | 日本免费一区视频 | 亚洲二级片 | 六月丁香激情 | 欧美日韩三级在线观看 | 三级在线播放 |