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

Stocks struggle to maintain rally in afternoon trading

(chinadaily.com.cn) Updated: 2015-07-06 06:48

Stocks struggle to maintain rally in afternoon trading

An investor watches the stock trend on mobile phone. The benchmark Shanghai Composite Index opens at 3,975.21, up 7.8 percent, on July 6, 2015. [Photo/IC] 

The Shanghai Composite Index opened at 3,975.21, up 288.29 points, before paring its gains to 2.2 percent to close at 3,766.37 in the morning session.

The Shenzhen Component Index slumped 1.7 percent to 12,033.02.

Earlier in the morning, the benchmark Shanghai index surged as much as 7.8 percent at the open, as regulators launched a flurry of measures to stem market plunge.

Related Story: Govt in joint effort to halt market slide by Li Xiang, China Daily

The central government, securities regulator and financial institutions have launched a joint effort to support the country's plummetingstock market amid fears that a market crash could threaten the country's entire financial system.

Experts warned that further steep market declines without government intervention could lead to chain reactions across the financial markets, including the liquidation of fund and trust products as well as rising bad loans in the banking sector.

The State Council ordered the suspension of new share offerings over the weekend to release locked-up capital to the market. But reviews of new IPO applications will not stop, according to a spokesman for the China Securities Regulatory Commission. The number of new IPOs and the amount of funds to be raised will be drastically reduced, he added.

The People's Bank of China will offer liquidity support in various forms to China Securities Finance Corp, a State-owned company specializing in providing margin loan services to brokerages, to help stabilize thestock market, according to a statement issued by the regulator on Sunday.

Central Huijin Investment said it has invested in exchange-traded funds that track major stock indexes and will continue this operation.

Twenty-eight companies that had gained IPO approval from the regulator will postpone their fundraising due to the current market fluctuations, according to statements from the Shanghai and Shenzhen stock exchanges.

The country's top 21 securities brokerages have pledged to collectively invest 120 billion yuan ($19.3 billion) in exchange-traded funds that track large blue chip stocks.

The firms said they will not sell their holdings as long as the benchmark Shanghai Composite Index is below 4,500 points, while major shareholders said they will buy more shares. The index closed at 3,686.91 on Friday.

While it is uncertain whether a market-stabilization fund by securities firms can help to lift the market out of its nosedive, there is a growing consensus that powerful and effective government measures are necessary to restore investors' confidence in a wildly turbulent market.

The A-share market has been in a free-fall over the past three weeks, with the composite index posting its biggest three-week loss sincethe stock market opened in 1992.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产探花视频在线观看 | 欧美日韩精品在线观看 | 国内精品视频在线播放 | 国产精品毛片一区二区 | 大片在线观看网站免费收看 | 日韩特黄 | 亚洲综合国产 | 久草福利资源在线 | 九色视频在线观看 | 欧美日韩高清一区二区三区 | 色大妈| 在线黄色av网站 | av免费播放网站 | 久久久久久免费 | 欧美性免费 | 国产精品一区二区av | 国产精品不卡一区二区三区 | 成人午夜小视频 | 午夜tv影院 | 一级老太bbbbbbbbb中国 | 亚洲午夜影视 | 欧美激情影院 | 久久视频在线 | 91免费观看网站 | 欧美特级黄 | 亚洲欧洲在线观看 | 在线免费观看av网址 | 日本视频在线免费 | 欧美爱爱免费视频 | 免费a在线 | 瑟瑟综合网 | 亚洲精品欧美精品 | 成年人看的免费视频 | 欧美精品激情 | 日本在线视频一区二区三区 | 人人插人人舔 | 午夜激情网址 | 亚洲成人精品在线播放 | 成人一级免费视频 | 色国产在线 | 午夜激情视频在线 |