Stock Markets: Enterprise Reform and Currency Purchases

stock markets: Shanghai-based Haitong Securities predicted that investors will put 2.48 trillion yuan 360 billion into the domestic stock markets and take out 1.86 trillion yuan in 2017, according to a report by the Securities Times on Saturday, according to Global Times China. Some brokers are optimistic about domestic shares in 2017, and have plans to invest more money into the market, the report said. The benchmark Shanghai Composite Index slipped 0.35 percent to 3,154.32 points on Friday, cutting the week's gain to 1.63 percent, which was driven by stocks related to State-owned enterprise reform and the defense sector. Meanwhile, the central government has introduced a new set of rules for foreign currency purchases, which might curb investment in overseas real estate or some kinds of insurance, according to a report by the Sichuan-based newspaper Finance and Investment on Saturday. The blue-chip CSI 300 index fell 0.6 percent on Friday to 3,347.67 points, but still gained 1.14 percent for the week. Some investors might consider investing more money into stocks, the report said, which might gradually push up major indexes. (news.financializer.com). As reported in the news.