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.
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