1. LINE

      Text:AAAPrint
      Economy

      Equities regain lost ground

      1
      2015-06-02 09:39China Daily Editor: Si Huan

      Share prices recovered on the mainland bourses on Monday after Thursday's sell-off as stable economic data and market-friendly gestures by the People's Bank of China, the central bank, bolstered investor sentiment.

      The benchmark Shanghai Composite Index rose 4.71 percent to 4,828.74 points on Monday on turnover of 934.5 billion yuan ($150.7 billion).

      Activity in China's factory sector edged up to a six-month high of 50.2 in May although export demand continued to shrink, according to the official Purchasing Managers Index, indicating that the policies unveiled to bolster economic growth are finally bearing fruit.

      Investors' sentiment has improved steadily, as the central bank said it wants to see a "healthy" stock market and will introduce a new board for strategic emerging industries on the Shanghai Stock Exchange.

      The PBOC made the statement on Friday in a report, just a day after the benchmark index tumbled 6.5 percent.

      Analysts said the announcement will pacify investors who had previously anticipated that the PBOC's open market operations were a signal of the monetary easing tapering.

      "The open market operation conducted by the central bank which drained capital had triggered concern about liquidity among investors," said a Guotai Junan Securities Co report.

      Jing Ulrich, vice-chairwoman of Asia Pacific at JP Morgan Chase & Co, said on Monday that the bank "remained positive on the A-share market although there was a sharp correction.

      "Many global stock index providers are planning to include A shares into their indices, which will encourage large capital inflows into Chinese capital market in the future," she said.

      It is likely that the benchmark will return to the 2007 bullish peak of more than 6,000 points within a year or two, but with a much healthier price-earning ratio of about 20 times compared with 40 times eight years ago, she said.

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 午夜免费福利视频| 一个人看的免费高清视频日本| 亚洲欧洲专线一区| 亚洲AV成人无码网天堂| 精品国产亚洲男女在线线电影| 国产成人亚洲精品影院| 亚洲s色大片在线观看| 亚洲色图.com| 亚洲国产精品ⅴa在线观看| 免费看黄网站在线看| 成人黄网站片免费视频| 91成年人免费视频| 免费永久看黄在线观看app| 亚洲乱码国产乱码精品精| 亚洲性一级理论片在线观看| 亚洲GV天堂GV无码男同| 久久www免费人成看国产片| 亚洲AV无码AV男人的天堂不卡| 思思久久99热免费精品6| 日本免费中文字幕| 在线免费观看a级片| 伊伊人成亚洲综合人网7777| 亚洲最大黄色网站| 男女作爱免费网站| 69av免费观看| 亚洲国产成人精品无码久久久久久综合| 国产亚洲综合网曝门系列| 99999久久久久久亚洲| 一级毛片在线免费播放| 成年人网站免费视频| 亚洲AV无码不卡在线观看下载| 亚洲酒色1314狠狠做| 狠狠热精品免费观看| 91精品国产免费网站| 免费又黄又爽的视频| 亚洲国产精品一区二区久久| 亚洲Aⅴ无码专区在线观看q| 亚洲AV无码专区国产乱码不卡| a级毛片高清免费视频就| 无码国产精品一区二区免费式芒果| 午夜免费福利网站|