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

US EUROPE AFRICA ASIA 中文
Business / Markets

Fears of end to stock-selling ban unfounded

By Li Xiang (China Daily) Updated: 2016-04-09 07:47

Fears of end to stock-selling ban unfounded

An investor watches an electronic board showing stock information at a brokerage office in Fuyang, East China's Anhui province, April 8, 2016.[Photo/IC]

Friday's decline led by consumer and industrial stocks, but Shanghai index still 12 percent ahead since March

Fears that a selling ban imposed on major shareholders of listed companies will expire soon are unfounded, an analyst said as the Chinese stock market declined for a third day on Friday.

The benchmark Shanghai Composite Index dropped 0.8 percent to close at 2,984.96 points after rebounding 12 percent in March.

The market sentiment has been dampened by fears that a selling ban imposed by the securities regulator when the market suffered a sharp volatility in January will expire this month. The ban stipulated that major shareholders of listed companies can sell no more than one percent of the company's total shares within three months.

Jiang Jinfeng, an analyst at Essence Securities Co, said in a research note to investors that the fear is unfounded, noting that the three-month requirement only refers to a time frame and it did not mean that the ban would expire in three months.

"It will unlikely trigger a massive selling," Jiang added.

Friday's decline was led by consumer and industrial stocks. Concerns also emerged that the inflation data scheduled to be disclosed on Monday may constrain the government's monetary policy.

They are projected to show the Consumer Price Index climbed to 2.4 percent in March, according to Bloomberg.

"The market is speculating that the central bank won't have too much room for easing monetary policy, given the current inflation situation," Wang Chen, a partner with Xufunds Investment Management Co in Shanghai, was quoted by Bloomberg as saying.

Separately on Friday, the China Securities Regulatory Commission revised the risk control rules for securities firms to improve the effectiveness of its oversight.

The revised rules require a minimum capital leverage (core net-capital-to-total-asset ratio) of 8 percent. The regulator lowered the minimum requirement on net-asset-to-total-liabilities ratio from 20 percent to 10 percent and reduced the requirement for net-capital-to-net-asset ratio from 40 percent to 20 percent.

Some industry analysts said while the revised rules could unleash more capital from the securities firms into the market, it also intends to optimize the risk control indicators and to enhance the effectiveness of the regulation system in accordance with the changing situation in the market.

"The exiting system can no longer meet the need of risk management. It is necessary to improve it to make regulation effective and sustainable," Zhang Xiaojun, the CSRC spokesman told a news conference on Friday.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 日本午夜三级 | 怡红院成人永久免费看 | 日韩成人黄色片 | 亚州国产 | 美女的被男人桶爽网站 | 亚洲精品国产精品国自产观看 | 亚洲一区二区三区免费观看 | aaa免费毛片 | 91精选视频 | 波多野一区二区 | 久久久久久久久毛片精品 | 日韩免费在线视频 | 在线毛片一区二区不卡视频 | 一级毛片在线不卡直接观看 | 精品国产一区二区三区久久 | 视频偷拍一级视频在线观看 | 国产不卡精品一区二区三区 | 久久国内精品自在自线软件 | 99久久国产综合精品1尤物 | 欧美成人亚洲 | 国产精品日本不卡一区二区 | 国产精自产拍久久久久久 | 国产精品久久久久久久久久直 | 免费一级肉体全黄毛片高清 | 男女性男女刺激大片免费观看 | 成年人在线看片 | 亚洲精品久久久久午夜三 | 国产精品中文字幕在线观看 | 日韩欧美一区二区在线 | 欧美精品三级在线 | 国产成人精品亚洲2020 | 亚洲国产欧美在线成人aaaa | 国产资源精品一区二区免费 | 999国产精品亚洲77777 | 国产在线观看午夜不卡 | 91精品视频免费 | 日韩在线二区全免费 | 久久免费视屏 | 特级欧美午夜aa毛片 | 99国产精品免费观看视频 | 国产免费一区二区三区在线观看 |