Latest News:  
Beijing   Cloudy    2 / -5   City Forecast

People's Daily Online>>China Business

Mainland markets continue downtrend

(Global Times)

13:56, December 13, 2011

Chinese mainland stock markets extended last week's losses on Monday, amid the accelerating pace of IPOs and continued policies to curb the real estate market.

The Shanghai Composite Index dropped 1.02 percent on Monday, or 23.73 points, to close at 2,291.55; while the Shenzhen Component Index lost 1.10 percent, or 103.99 points, to close at 9,376.28.

Neither of the indices saw their turnover climb back above the 40 billion yuan ($6.29 billion) mark on Monday, with the Shanghai Composite's totaling 36.52 billion yuan, while the Shenzhen Component's was 33.97 billion yuan.

The two indices saw 395 winners, 1,850 losers and 143 drawing even on Monday.

The announcement late last Friday that the government would continue its policies aimed at curbing house prices had a huge impact on real estate stocks on Monday.

Analysts also attributed the big drop to the large number of IPOs due this week.

Seven new stocks are launch ing on the market this week, including New China Life Insurance and Soochow Securities.

We Recommend


Leave your comment0 comments

  1. Name


Selections for you

  1. Nearly 9 years on, US withdraws from Iraq

  2. 1st twin giraffes celebrate birthday

  3. Scuba divers welcome bowmouth guitarfish at aquarium in Hungary

  4. Consumers throng to shops for coming Christmas in Rio

Most Popular


  1. Risks behind India's military buildup
  2. 2011: Year of government micro-blogs
  3. Chance of RMB devaluation small
  4. Narrow vision limits China's discourse power
  5. Dubai chasing Singapore's strictness with violations
  6. Too early to loosen China's property controls
  7. Do not let disputes taint Sino-Korean ties
  8. The natural way to pick your stocks
  9. China must retain its strengths as it goes global
  10. Canada's short-sighted move should be denounced

What's happening in China

2nd Airbus A380 arrives in Beijing

  1. Property prices in big cities declining
  2. More Chinese cities see housing price decline
  3. Drought snags shipping on rivers in S China
  4. Gas explosion kills 9 in central China coal mine
  5. Beijing reaches annual "blue sky days" target

PD Online Data

  1. Yangge in Shaanxi
  2. Gaoqiao in Northern China
  3. The drum dance in Ansai
  4. Shehuo in Baoji City
  5. The dragon dance