www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Plunge, as new curbs start to bite

By Li Xiang | China Daily | Updated: 2016-12-13 07:56

Plunge, as new curbs start to bite

Investors check share prices at a brokerage in Nanjing, Jiangsu province, Dec 12, 2016. [Photo/China Daily]

Concerns rise over limits on insurers' stock investments

Chinese mainland stocks fell the most in six months on Monday as the insurance regulator's clampdown last week on aggressive stock purchases by insurers triggered selling.

Blue chips-insurers' favorites-led the decline in the benchmark Shanghai Composite Index, which tumbled 2.47 percent to 3,152.97 points.

The Shenzhen Component Index fell 4.51 percent while the startup board ChiNext suffered an even bigger loss of 5.5 percent.

Nearly 200 stocks tumbled by the 10 percent daily trading limit. Insurer favorites such as property developer China Vanke Co, home appliance maker Gree Electric Appliances Inc and construction group China State Construction Engineering Corp all fell more than 6 percent.

Monday's selling came after the insurance regulator on Friday banned Evergrande Life Insurance Co from trading in stocks for its "improper use of capital" and "unclear asset allocation plan".

Foresea Life said in a statement on Friday it would gradually reduce its holding in Shenzhen-listed home-appliance maker Gree.

The move came after the top securities regulator censured insurers' reckless stock market play for "barbaric" acquisitions that challenged the country's financial and legal system.

"The regulators' harsh criticism and tighter control of insurers' stock investments have had a marked effect on the market, which will inevitably enter a period of consolidation," said Sun Zheng, an analyst at China Development Bank Securities Co Ltd.

Gao Ting, the chief China strategist at UBS Securities, said that the insurance regulator may be focusing more on compliance with protection product development management and usage of insurer funds, and less on insurers' compliant and lawful equity investments.

Analysts said Monday's plunge also reflected that the market sentiment may be worsening as prospects for a US rate hike this week brighten.

Also, the higher-than-expected domestic inflation in November could push the central bank into adopting a tighter monetary stance in 2017, they said.

While Chinese equities have negotiated 2016 without much turmoil on the back of the country's supply-side reforms and credit risk containment, things could turn tougher for investors in the new year, said Wendy Liu, the chief China strategist at Nomura Securities.

"Beijing has put in concerted measures to curb excesses in the property and financial markets, as well as capital outflows," Liu said.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国内免费自拍视频 | 欧美高h视频 | 中国人免费观看高清在线观看二区 | 91热视频在线观看 | a级毛片免费完整视频 | 日韩精品一区二区三区免费视频 | 99re热视频 | 视频精品一区 | 超清国产粉嫩456在线免播放 | 老司机午夜在线视频免费观 | 亚洲欧美中文字幕在线网站 | 123成人网 | 欧美成人性做爰网站免费 | 毛片免费网址 | 性刺激久久久久久久久 | 国产成人精品亚洲日本在线观看 | 欧美日韩一区二区三区高清不卡 | 91精品国产手机 | 久草在线中文最新视频 | 韩国美女一级毛片 | 一级片免费观看视频 | 久久亚洲国产伦理 | 久久综合日韩亚洲精品色 | 亚洲精品91香蕉综合区 | 天天躁夜夜躁狠狠躁2024 | 久久91精品国产91久久跳舞 | 正在播放国产一区 | 国产欧美精品一区二区三区四区 | 久久久国产精品福利免费 | 国产三级做爰在线观看 | 免费观看欧美一级牲片一 | 精品一区二区三区免费毛片爱 | www.色黄| 精品自拍视频在线观看 | 91精品国产9l久久久久 | 久久韩国| 欧美一区二区不卡视频 | 性色xxx | 久久99精品久久久久久野外 | 一级毛片免费观看不卡的 | 国内精品美女写真视频 |