The China Securities Regulatory Commission will increase supervision to ensure raised funds are allo...
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China should promote consumption, expand domestic demand, and strengthen domestic circulation with greater effort, calmly responding to the difficulties and challenges brought about by external shocks, said Premier Li Qiang. Authorities must make full use of policies to cope with the adverse impact on foreign trade by coordinating domestic and international standards and building a platform for high-quality foreign trade products to expand domestic sales, said Li. (Source: China Securities Journal)
Moves by listed companies to repurchase and increase shareholdings in the past week have helped to push the benchmark Shanghai Composite Index back above 3,200, highlighting investors’ confidence and authorities’ determination to stabilise the stock market, Shanghai Securities News reported. The total scale of repurchase and increase in holdings proposed by 252 listed firms reached CNY100.55 billion during April 7-15, with the scale and speed reaching record highs in recent years, the newspaper said.