▲ China’s market rescue｜Bloomberg: China Securities Regulatory Commission and other financial regulatory agencies will reportedly report to Xi Jinping on capital market conditions
- China’s financial regulator reportedly to report to Xi Jinping on capital market conditions
- It is unclear whether new support measures will be introduced after the report
- Huijin commits to increase its holdings in exchange-traded open-end index funds (ETFs)
China’s financial regulators will report on capital market conditions to President Xi Jinping, Bloomberg reported, citing people familiar with the matter. Reports indicate that regulatory agencies, including the China Securities Regulatory Commission, plan to report on the latest situation and policy measures in the capital market as early as Tuesday. Reports indicate that the specific time for the report is still to be finalized, and it is unclear whether new support measures will be introduced after the report.
Mainland stock markets expanded their gains in the afternoon, with the Shanghai Stock Exchange closing up 3.2% and once reaching 2,800 points, the Shenzhen Stock Exchange rising 6.2%, and the ChiNext Index rising 6.7%.
Relevant departments have been intensively formulating measures to support the market in recent months.
People familiar with the matter said that in the past few months, relevant departments have been intensively formulating measures to support the market. The China Securities Regulatory Commission has been working overtime on weekends, and the State Financial Supervision and Administration Bureau has held more than ten meetings in the past two months to stabilize the capital market.
As for Central Huijin, it said today that it is committed to increasing its holdings of exchange-traded open-end index funds (ETFs) to maintain the smooth operation of the capital market. The China Securities Regulatory Commission later issued a statement saying that it would make every effort to maintain the stable operation of the market.
China Securities Regulatory Commission suspends new scale of refinancing
The China Securities Regulatory Commission stated that after research, it has decided to propose three measures to further strengthen supervision on the securities lending business. Specifically, the first is to suspend the new scale of securities refinancing, with the current balance of securities refinancing as the upper limit, and to temporarily suspend the new scale of securities refinancing by securities companies in accordance with the law, and the existing stock is gradually closed; the second is to require securities companies to strengthen the management of customer trading behaviors. , it is strictly prohibited to provide securities lending to investors who use securities lending to implement intraday reversal transactions (disguised T+0 transactions); thirdly, we will continue to increase supervision and law enforcement. We will crack down on the use of securities lending transactions to implement improper arbitrage and other illegal activities in accordance with the law. Ensure the smooth operation of securities lending business.
related articles:
China bails out | Huijin: Continue to expand the scope and intensity of ETF holdings to maintain the smooth operation of the market China Securities Regulatory Commission: Continue to guide institutional investors such as public and private equity funds to enter the market
China bails out | China reportedly tightens trading restrictions on domestic and foreign investors to curb further declines in China’s stock market
Analysis｜A-shares try again for four years, with a low of two trillion yuan, are the rescue forces here yet?
Editor in charge: Liang Haoshuo
2024-02-06 06:30:00
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