Arab Today, arab today china margin trading normal share financing controllable
Last Updated : GMT 08:55:20
Arab Today, arab today
Arab Today, arab today

China Margin trading normal, share financing controllable

Arab Today, arab today

Arab Today, arab today China Margin trading normal, share financing controllable

China Margin trading normal
Beijing - XINHUA

 Margin trading has been operated normally and risks from share funding have been greatly unleashed, China's stock regulator said in response to a sharp plunge in the stock market on Monday.

Chinese shares continued a dreadful losing streak on Monday with major indices down markedly despite rate cuts from the central bank. The benchmark Shanghai Composite index closed 3.34 percent lower at 4,053.03 points.

Zhang Xiaojun, spokesperson of the China Securities Regulatory Commission (CSRC), said the decline was an adjustment of previous breakneck rally and the market has been de-leveraged with risks down during the fluctuations.

The risks from margin trading was controllable as the outstanding volume on Friday shrank by 4.3 percent to 96.5 billion yuan (nearly 16 billion U.S. dollars) from two weeks ago, and share financing via HOMS system also dropped greatly, Zhang said.

Betting on a strong bull run, some Chinese individual investors borrowed money to purchase shares, which added to concerns on stock bubbles. But the recent two-week volatile performance has kicked out a great number of speculators and cooled the stock fervor.

However, Zhang said an overly rapid retreat will jeopardize the steady and healthy development of the market, which is significant to the economy.

"China will continue to develop a multi-layered capital market as a strategic task and step up its liberalization," Zhang added.

The CSRC will continue to encourage long-term capital influx, nurture institutional investors and initiate Shenzhen-Hong Kong stock link in a proper timing to ensure the sound development of the stock market.

"I hope investors will be both confident and rational, and make contribution to a steady and healthy capital market," Zhang said.

In addition, the CSRC will crack down on insider trading, market manipulation and illicit share financing, Zhang said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china margin trading normal share financing controllable Arab Today, arab today china margin trading normal share financing controllable

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china margin trading normal share financing controllable Arab Today, arab today china margin trading normal share financing controllable

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday