yuan depreciation: Shanghai-based Shenwan Hongyuan Securities predicted that listed mainland companies will perform better in 2017 than in previous years, the report said, according to Global Times China. Although many financial intuitions are optimistic about the stock market's prospects in 2017, some experts were still preaching caution due to the uncertainties such as yuan depreciation and the effect of State-owned enterprise reform, according to media reports. Shanghai-based Haitong Securities forecast that Chinese mainland stocks will enter a bull market this year as the government accelerates reforms and industries upgrade, the Xinhua News Agency reported on Monday. Major stock indexes didn't move very much on Friday, the final trading day of 2016. The Shanghai Composite Index added 0.24 percent on Friday to 3,103.64 points, cutting the week's loss to 0.21 percent. The CSI 300 index rose 0.37 percent on Friday, up 0.08 for the week.
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Tagged under yuan depreciation, stock indexes topics.