Chinese Stock Markets and Mainland China

China Securities Regulatory Commission: China stock market bounces back, after govt steps in to stop huge slide Chinese stock markets have been in sharp decline, according to Russia Today. The market lost about 30 percent between mid-June and July 9, wiping an estimated $3.25 trillion of market capitalization. The interbank segment of the Chinese bond market, regulated by the People Bank of China, is the most liquid trading platform of debt instruments with most issuers in mainland China."Obtaining an access license to the Chinese bond market marks a new stage in the development of VTB business in the direction of China, and underlines the leading position and recognition of the bank as a key Russian player in China…In recent years, there has been significant progress in many areas of financial cooperation with Chinese partners, VTB Bank Chairman Herbert Moos said in a press release published Monday. However, last Thursday the markets returned to growth after the China Securities Regulatory Commission banned shareholders, including foreign investors who hold more than a five percent stake in any Shanghai or Shenzhen listed companies, reducing their holdings over the next six months. This followed an $8.2 billion injection into the stock markets made last Tuesday by the People Bank of China, the fourth injection in a row since June 25, and another $5.6 billion on Thursday, according Xinhua. The Shanghai Composite has recovered 13 percent since July 9. (news.financializer.com). As reported in the news.

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