China Tries to Revive Stock Market. Why the Gains May Not Last.

Chinese officials pulled out rarely used and more aggressive measures to tackle wounded confidence in its struggling economy on Monday. While stocks are getting a boost, it won’t last unless policy makers do still much more.

Beijing is cutting the duty on stock purchases by 0.05 percentage point from 0.1% and cutting the minimum margin ratio for financing to buy stocks from 100% to 80%. Analysts at Gavekal Dragonomics described the measures as “relatively aggressive tools, suggesting officials are concerned about recent weakness in capital markets,” but noted the reaction has been more tepid than in the past.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China halves stamp duty on stock trading to boost market By ReutersChina halves stamp duty on stock trading to boost market
Source: Investingcom - 🏆 450. / 53 Read more »

Asian Stock Market: China equities support regional marketsAsian stock markets advanced on Monday, following US equities with mild gains despite the hawkish statement from the US Federal Reserve (Fed) Chairman
Source: FXStreetNews - 🏆 14. / 72 Read more »

China stocks climb after authorities attempt to lure investors with stock tax cut, other movesChina officials kicked off a new week with moves to get investors back in the beaten-down stock market.
Source: MarketWatch - 🏆 3. / 97 Read more »