China's COVID-19 surge hits Beijing trading floors, Shanghai finance hub

📆 12/19/2022 3:58 AM
📰 ChannelNewsAsia

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SHANGHAI: COVID-19 is sweeping through trading floors in Beijing and spreading fast in the financial hub of Shanghai, with illness and absence thinning already light trade and forcing regulators to cancel a weekly meeting vetting public share sales. Many banks and asset managers have dusted off plans devis

. Internal surveys by several big asset managers and banks suggest more than half of their employees in Beijing, the epicentre of the virus surge, have tested positive.

Stock trading volume also eased last week. The weekly total of 139 billion shares traded for the Shanghai Composite was a bit lower than the average for the past three years of about 143 billion. The pandemic also has an impact on initial public offerings , with the China Securities Regulatory Commission calling off a weekly meeting vetting them last week. It is not clear if the meeting will be revived this week.

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Oh ccp just got. Reason to collapse it stock market

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China's COVID surge hits Beijing trading floors, Shanghai finance hubSHANGHAI : COVID-19 is sweeping through trading floors in Beijing and spreading fast in the financial hub of Shanghai, with illness and absence thinning already light trade and forcing regulators to cancel a weekly meeting vetting public share sales.Many banks and asset managers have dusted off plans devi
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