Facebook Twitter 新浪微博 Instagram YouTube Wednesday, Jul 27, 2016
Search
Archive
English
English>>Business

China's stocks slump Wednesday

(Xinhua)    14:00, July 27, 2016

BEIJING, July 27 (Xinhua) -- Chinese shares declined substantially during the afternoon trading session on Wednesday after media reports about strengthened supervision on initial public offerings (IPOs) by the securities regulator.

The benchmark Shanghai Composite Index slipped by more than 3 percent shortly after a trading break at noon, while Shenzhen Component Index and ChiNext Index fell by over 5 percent.

Shares of companies in ceramic industry, non-ferrous metal and ship building led the declines.

Media reported that the China Securities Regulatory Commission has started to strengthen supervision on IPOs to crack down on deception-based securities issuance.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor: Huang Jin,Bianji)

Add your comment

Related reading

We Recommend

Most Viewed

Day|Week

Key Words