China Asks Some Funds to Avoid Net Equity Sales to Boost Market

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 50%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Chinese authorities asked some mutual funds to avoid selling equities on a net basis a day after financial regulators announced a slew of measures to “invigorate capital markets and boost investor confidence.”

Stock exchanges issued the so-called window guidance to several large mutual fund houses, telling them to refrain for a day from selling more onshore shares than they purchased, according to the people who asked not to be identified discussing private information.

The China Securities Regulatory Commission, Shanghai Stock Exchange and Shenzhen Stock Exchange didn’t respond to requests seeking comment.China’s CSI 300 Index trimmed most of the gains in the afternoon session after rising as much as 5.5% at the open, showing lack of conviction even as authorities boosted efforts to woo back investors to one of the world’s worst-performing equity markets.

Global investors sold into the rally, offloading a net 8.2 billion yuan of mainland equities via trading links in Hong Kong on Monday.©2023 Bloomberg L.P.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 83. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

China approves 37 retail funds to help revive marketSHANGHAI (Reuters) - China's securities regulator approved the launch of 37 retail funds over the weekend, part of government efforts to revive a stock ...
La source: SaltWire Network - 🏆 45. / 63 Lire la suite »