You are here: Home » International » News » Markets
Business Standard

China regulator affiliate encourages share purchases by major shareholders

Chinese stocks fell nearly 10 percent last week, the worst weekly performance in two years as investors dumped shares across the board

Reuters 

An affiliate of China’s securities regulator on Monday encouraged major shareholders of domestically-listed firms to increase their holdings, after Chinese stocks were mauled in a global sell-off last week. The call represents the clearest signal yet from the Chinese government to lend support to a market rocked by recent global volatility, China’s deleveraging campaign and fears of margin calls. It also stirs memories of government intervention during China’s 2015 stock market crash, when companies were also urged to buy shares and state-backed funds were pumped ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, February 12 2018. 20:39 IST
RECOMMENDED FOR YOU