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CN Reportedly Considering Measures to Cool Stock Mkt Amid Concerns of Heavy Losses of Retail Investors on Mkt Reversal
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Chinese financial regulators are considering a series of measures to cool the stock market, Bloomberg quoted sources as saying. Since April, China's equity market has seen a significant rebound, with major indices soaring over 20%. The SHCI logged a 10-year new high, while the CSI 300 Index snowballed over 20% from this year's low. It is reported that proposals submitted to top policymakers in recent weeks include removing some short selling restrictions and intervening in speculative trading, due to concerns that a major market reversal could result in substantial losses of retail investors. It is currently unclear whether these measures will be approved. AASTOCKS Financial News Website: www.aastocks.com |
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