Latest News:  


Stocks regulator denies IPO resumption rumors (3)

(China Daily)

11:04, June 22, 2013

Warnings about tightened liquidity in the interbank system, and the government's determination to continue with its prudent monetary policy, have also bruised investor confidence, analysts said.

The CSRC spokesman said the regulator had taken note of the dramatic falls in major stock prices.

"The market is influenced by complicated factors, including the basic economic situation, market liquidity, and the operational and financial conditions of enterprises," he said.

The commission has pledged to tighten regulations on insider trading and financial fraud by improving the basic laws and regulations, to create a fairer market environment for investors.

Central Huijin Investment Ltd, a State-owned investment company, on Thursday confirmed it had increased its holdings in six financial institutions, including the "big four" State-owned commercial banks.

The company said it will increase investment in exchange-traded funds.

Some analysts viewed Huijin's move as a clear determination to shore up the stock market, however, the CSRC downplayed the investments as "just a common action based on the market situation".

【1】 【2】 【3】


Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. Training for key operators of new UAV concludes

  2. Panamanian,Colombian army joint to fight drugs

  3. Refugees at UNHCR registration center

  4. Five hurt in stampede when Beckham arrives in Shanghai

  5. Searing heat wave sweeping China

  6. A ‘post-90s mom' and her 11 kids with autism

  7. Wedding dream shines on graduation day

  8. Weekly sports photos (6.14-6.21)

  9. Top 10 luxury villas of China in 2013

  10. Tibetan carpet exposition kicks off

Most Popular


  1. China's outbound investment at turning point
  2. Dog meat festival, 'bloody carnival'?
  3. Obama's deeds more important than his words
  4. Social media lures us to throw away privacy barriers
  5. What has the Prism program taught us?
  6. China to sustain prudent monetary policy
  7. SG sees strong China growth momentum
  8. Does China need to consume more?
  9. Chinese audience expects good stories
  10. Moody's warns on China's local government debt

What’s happening in China

Rehab helps prepare for life after addiction

  1. Lightening triggers firework plant explosion
  2. Taiwan confirms first human infection of H6N1
  3. 160,000 affected by Xinjiang floods
  4. 1 dead in NE China workshop blast
  5. Chinese billionaire buys 007 UK yacht maker