Mainland: Mainland Stocks

mainland: With economic growth stabilizing, blue-chip stocks stand to benefit, according to Global Times China. Market sentiment did weaken after the US Federal Reserve raised interest rates last week, but some experts have since pointed out that the rate hike won't have much of an effect on the Chinese mainland stock markets, which had already priced in the change, media reports said. Rising expectations for SOEs reform have been a factor behind the recent gains in blue chips, the Shanghai Securities News reported on Saturday. Experts predicted mainland stocks will rise in 2017 as the economy continues to grow at a stable pace, the report said. Mainland stocks edged higher on Friday, but major indexes suffered their largest weekly drops in months after regulators cracked down on insurers investing in the stock market. However, uncertainties such as yuan depreciation and a shortage of market liquidity will continue to cloud the outlook for stocks in the near term. (news.financializer.com). As reported in the news.