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: 婷婷6月天 | 国产福利精品在线 | jizz一区二区 | а中文在线天堂 | 欧美福利在线观看 | 99热影院 | 亚洲精品久久久久久久久久 | 黄色av网站在线观看 | 另类中文字幕 | 国产精品久久不卡 | 久久99深爱久久99精品 | 激情毛片视频 | 人人干网站 | 欧美wwwww | 日韩成人黄色 | 日韩欧美区 | 成人性生活毛片 | 免费看av大片 | 国产成人小视频 | 久久久久久久久亚洲 | 中文一级片 | 国产精品久久婷婷六月丁香 | 成人中文字幕在线观看 | 四虎精品在线观看 | 欧美黄色免费视频 | 亚洲欧美在线看 | 狠狠操婷婷| 91在线公开视频 | 成人a在线 | 91精品久久久久久久久 | 午夜影院福利社 | 香蕉视频在线免费看 | 中文字幕成人在线观看 | 天天干天天操天天操 | 九九黄色 | www日本视频 | 亚洲天堂一区 | 免费久久久久 | a亚洲天堂| 欧美日韩中文字幕在线视频 | 国产一区二区三区欧美 |