spot checks: Investors will be cautious ahead of the upcoming Chinese Spring Festival, which will start from January 27, said the report, according to Global Times China. China's top regulators have made commitments to strengthen supervision over domestic capital markets, which will also dampened investor enthusiasm for stocks over the short term, the report noted. State-owned enterprise reform related stocks are expected to continue to support the stock market, according to a report by the financial news portal cnstock on Friday. For instance, China's central bank recently conducted spot checks on leading Bitcoin exchanges in Beijing and Shanghai, Reuters reported on Wednesday. Experts advised investors to maintain a wait-and-see stance. In the short term, negative sentiment and the shortage of funds will be the main factors weighing on stocks, said the cnstock report.
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