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China's A-share market shows signs of rebound

By Wang Lu (China Economic Net)

08:26, November 03, 2011

Edited and Translated by People's Daily Online

Beijing, Nov.3 (People's Daily Online) --Affected by many positive factors, including improving external markets, securities borrowing and lending business initiated and local debt pilot projects launched, the A-share market finally went up last week, rising for five successive days.

After declining successively and deeply for a long period, the A-share market has entered a "healing" period, with positive factors keeping appearing in the internal and external markets. Although it is generally optimistically believed that the A-share market has reached its bottom, the rebound will not emerge at one stroke. The overall economic situation and the monetary policies did not change much and the practical effect of the solution for the European debt crisis is still being tested.

Last week, the A-share market, affected by factors such as external markets rising and signs of domestic monetary policies being adjusted slightly, the A-share market ultimately rose up after declining for a long period, the Shanghai Composite Index increased by 6.74 percent and the Shenzhen Composite Index increased by 8.92 percent. On Oct. 31, the A-share market showed horizontal movement and the Shanghai Composite Index closed at 2,468.25, down 0.21 percent, but its monthly line of October ended up rising by 4.62 percent. The monthly line of October of the Shenzhen Composite Index also ended up rising by 1.83 percent.

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