国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

China securities watchdog denies pulling rescue funds

(Xinhua) Updated: 2015-07-20 17:16

China securities watchdog denies pulling rescue funds

A Chinese investor watches the stock trend on the cell phone at a stock brokerage house, July 3, 2015.[Photo/IC]

BEIJING - With China's stock market still in a nascent recovery, the China Securities Regulatory Commission (CSRC) has denied a market rumor that it is considering pulling stabilization funding used to stem heavy sell-offs after the recent sharp market decline.

"Stabilizing the market, maintaining investors' confidence and preventing systemic risk are still the goals for the CSRC," spokesman Zhang Xiaojun said in a statement on Monday, adding that the commission will do its utmost to fulfill these tasks.

"It is irresponsible for media to publish information that has huge market implications before verifying it with regulators," Zhang said, after a Monday report on www.caijing.com.cn claimed the CSRC was mulling how long to maintain the stabilization funding.

Chinese shares retreated from early gains in the morning following the report's publication, with the benchmark Shanghai Composite Index (SCI) dipping 0.43 percent to close at 3940.15 points at midday.

But they then closed higher in the afternoon after the release of the CSRC statement, with the SCI up 0.88 percent to close at 3,992.11 points.

China had one of the world's best-performing stock markets earlier this year, with the SCI up more than 150 percent in 12 months, partly fueled by margin trading. However, the index lost more than 30 percent in less than a month from a June 12 peak, as margin traders unwound positions and some investors cashed out.

The market has shown signs of recovery on the heels of rescue measures including major brokerages putting their own capital on exchange traded funds tracking the performance of blue chip stocks, and China's central bank supporting the liquidity needs of the China Securities Finance Corporation Limited, the national margin trading service provider, to increase share purchase and offer brokerage houses liquidity aid.

Hot Topics

Editor's Picks
...
汉阴县| 青海省| 乐东| 江北区| 北流市| 开封市| 开化县| 景东| 綦江县| 丽水市| 巍山| 连平县| 长丰县| 乌恰县| 海阳市| 墨江| 景德镇市| 双辽市| 南部县| 固阳县| 阳江市| 巍山| 天台县| 道孚县| 大连市| 电白县| 阿瓦提县| 惠安县| 仲巴县| 昌黎县| 会昌县| 黔江区| 浪卡子县| 左云县| 靖安县| 那坡县| 玛多县| 崇文区| 阿城市| 宁国市| 石城县|