Improved fund flows, renewed investor confidence to vitalize Chinese bourses Continuous capital market reforms and further opening of the financial industry to foreign capital will lend solid support to China’s A-share market this year and market analysts remain cautiously optimistic about Chinese stock market prospects this year. The benchmark Shanghai Composite Index gained 22.3 percent in 2019, its best annual performance since 2014. The Shenzhen Component Index also rallied 44.08 percent in the past year, the biggest annual gain in nearly 10 years. Analysts believe that market sentiment will continue to be supported by investors’ expectation of more capital market reforms this year, which will help boost the quality of the listed companies, improve the efficiency of the Chinese stock market and make it more market-oriented. China’s top leadership pledged at the Central Economic Work Conference in December to speed up financial sector reforms and continue improving the underlying framework of the capital market. From diversifying financing channels for the country’s private and smaller firms to further liberalizing the financial market to foreign investors, the reform measures have helped facilitate China’s economic upgrading and defuse financial risks, analysts said. The recently adopted revision of the Securities Law has also set… Read full this story
- Philippines under review for 3rd major investment grade rating
- Beijing looks to tame an economic slowdown
- Our bishops among hierarchs most reluctant to go along
- Major US banks would withstand recession – Fed
- Major US banks would withstand recession: US Fed
- Thrift banks seek MSME, farming laws amendment
Reforms, opening-up to bolster capital market have 265 words, post on www.chinadaily.com.cn at January 2, 2020. This is cached page on VietNam Breaking News. If you want remove this page, please contact us.