Major stock index drops below 5,000 points again
Updated: 2007-12-13 16:51
But regardless of whether or not the central bank will raise the interest rates again, professional experts said, it is obvious the country is set to implement more restrictive measures to keep the economy from overheating. And that is worrisome enough for the investors.
Shenzhen Component Index
Source: sina.com.cn
Another large cap, China Pacific Insurance (Group) Co Ltd (CPIC), will soon add another billion new shares into the market. CPIC will start accepting online subscription for its retail tranche tomorrow.
Expected to be set at 27 to 30 yuan apiece for the subscription price, CPIC might be chased by investors as the second most expensive share, following China Shenhua, in almost three months. This, the capital diversion by the offering, could be another factor for poor performances from Chinese stocks today, analysts said.
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