Four months after the State Council, China’s cabinet, unveiled a nine-point document aimed at restoring investors’ confidence and attracting long-term funds, the market is back in a downward spiral after a relief rally. There are telltale signs of investors shunning stocks: turnover on the Shanghai and Shenzhen exchanges has plunged to a four-year low, the
China’s stock exchanges have stopped a real-time data feed on foreign inflows into onshore equities from Monday, stripping domestic traders of a gauge of market sentiment, as regulators seek to downplay the influence of overseas investors amid persistent outflows. The Shanghai and Shenzhen exchanges will only publish select figures – turnover, number of trades and
One bright spot of the plenum was the government’s specific reference to China’s 2024 economic growth target, pegged at about 5 per cent, raising speculations that a raft of policies to support and stimulate the economy will be released. A meeting of the party’s all-powerful political bureau scheduled in late July may be the occasion