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

The Shanghai gauge has slumped by nearly 30 percent, or 1,500 points, since mid-June, wiping out about $2.8 trillion in market value. The average loss of individual stock accounts has been around 420,000 yuan, according to media estimates.

"If the government does not step in at this point, the panic sentiment will continue to spread and the stock plunge will deepen," said Lu Ting, chief economist at Huatai Securities.

"It will risk a spillover to the banking sector, as many funds that flew intothe stock market are from trust products sold by the banks."

Lu said the government should create a national financial stabilization fund without an upper limit to invest in large-cap blue chips to boost the weak market. He also called for collaborative regulation among the securities, banking, insurance and monetary regulators to prevent similar crises from happening in the future.

Some analysts warned that the market slump could hold back the country's push for further financial reform and the liberalization of its capital markets.

"The irrational ups and downs show that the Chinese market still lacks an effective market mechanism," said Jay Luo, president of fund management company Dymon Asia Capital.

He said the country should not letthe stock market turmoil derail its efforts to introduce market-driven financial reforms, including switching from an approval-based to a registration-based IPO system.

The A-share market had witnessed a wild rally of 150 percent in the past year until June 12, propelled by highly leveraged margin trading that allows investors to borrow money to purchase stocks. Valuations of some listed startup companies reached as high as 150 times at the peak, similar to valuations seen in the Nasdaq market before the dot-com crash of 2000.

The regulator's crackdown on illegalleveraged trading in May triggered a massive deleveraging that led to a steep fall in stock prices and the forced clearing of stock accounts that failed to meet the margin call.

Xu Hongcai, an economist at the China Center for International Economic Exchanges, said Beijing's determination to deal with the situation will help to stabilize the market, but an immediate rebound is unlikely.

"The market will trade in a volatile band between 3,500 to 4,500 points. A buying opportunity is emerging in cheap, large-cap blue chips now, but the small stocks with excessive valuations will continue to decline," he said.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产一区二区三区视频在线播放 | 色婷婷精品视频 | 美女张开腿流出白浆 | 国内毛片毛片毛片 | 国产成人三级在线播放 | 黄色小视频免费观看 | 奇米第四色7777 | 黄视频在线播放 | 日韩精品一二三区 | 超碰人人人人 | 亚洲激情视频 | 日韩一级片免费看 | 国产午夜手机精彩视频 | 亚洲香蕉在线 | 亚洲片在线观看 | 韩日精品在线 | 亚洲午夜精品久久久久久浪潮 | 国产精品理论在线观看 | 国产一区二区三区中文字幕 | 久久黄色网址 | 国产原创在线观看 | 久久视频一区二区 | 欧美精品hd | 毛片网站免费观看 | 日韩视频专区 | 国产99久久久 | 在线亚洲观看 | 91成人亚洲 | 日韩在线播放视频 | 成人毛片一级 | 日本黄色高清 | 亚洲黄色免费网站 | 波多野结衣久久 | 蜜桃av噜噜一区二区三区麻豆 | 五月天伊人| 亚洲精品香蕉 | 成人一区二区视频 | 69国产在线 | 日韩专区在线 | 人人射人人干 | 国内自拍真实伦在线观看 |