1. LINE

      Text:AAAPrint
      Economy

      China confident on sound capital market development

      1
      2015-07-06 08:24Xinhua Editor: Mo Hong'e

      China remains confident to achieve a stable and sound development of its capital market as a raft of supportive measures is expected to smooth out the stock market volatility.

      Though the recent losing trend in the stock market has rattled investors, pessimism about the future is uncalled for.

      The market will be back on sound footing as the economy keeps improving, the liquidity remains abundant and the financial regulators have responded with timely measures.

      The government has decided during the weekend to cut the number of new shares hitting the market, called on top brokerages to buy massive amount of shares and pledged to raise money through multiple channels (including soliciting help from the central bank) to keep the market buoyant.

      To inject more liquidity, the People's Bank of China simultaneously cut interest rates and the reserve requirement for banks on June 27. The last time that the central bank introduced such a forceful easing was back in late 2008 at the height of the global financial crisis.

      The market has taken a turn for the worse since mid-June on fears over the sustainability of soaring share prices as well as government moves to cool margin trading.

      The Shanghai Composite Index has lost around 29 percent from a peak of 5,178.19 points on June 12.

      Price to Earning Ratio of major indices have dropped (15 for Hushen 300 and 56 for the Small and Medium Enterprises Composite), suggesting that risks of overvaluation have come down.

      While a meteoric market rise pushed up by a frenzy of speculation is dangerous, it is equally damaging to let panic rule and hamper the market's future growth.

      The capital market, as a key component in modern economic system, is at the forefront in the allocation of resources.

      As China's economy enters a phase of "new normal" featuring slower but more sustainable growth, the capital market has at the same time assumed a more important position.

      Efforts are needed to nurture an open, fair and just stock market. In this way can we make investors stay confident.

      As China aims for medium high growth, continued efforts should be made to ensure a long and stable development of its capital market.

       

      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: 亚洲AV日韩精品久久久久久| 精品国产亚洲男女在线线电影| 亚洲综合久久成人69| 男女午夜24式免费视频| 久久亚洲国产精品五月天婷| 九九免费久久这里有精品23| 国产99视频免费精品是看6| 老司机免费午夜精品视频| 全部免费a级毛片| 精品97国产免费人成视频| 狠狠亚洲狠狠欧洲2019| 天黑黑影院在线观看视频高清免费 | 亚洲理论在线观看| 国产福利在线免费| 亚洲熟女www一区二区三区| 国产精品嫩草影院免费| 一级特黄色毛片免费看| 好看的电影网站亚洲一区| 日韩精品无码专区免费播放| 亚洲字幕在线观看| 国产在线观看免费完整版中文版| 无人视频免费观看免费视频 | 亚洲无砖砖区免费| 在线不卡免费视频| 国产精品九九久久免费视频| 亚洲成AV人片一区二区| 毛片在线免费视频| 一级毛片在播放免费| 亚洲好看的理论片电影| 午夜一区二区免费视频| 亚洲免费视频一区二区三区| 亚洲黄色免费网址| 小小影视日本动漫观看免费| 99在线视频免费观看| 7777久久亚洲中文字幕| 综合久久久久久中文字幕亚洲国产国产综合一区首 | 国产一区二区三区亚洲综合| 国产AV无码专区亚洲精品| 亚洲高清中文字幕免费| 成人嫩草影院免费观看| 亚洲激情校园春色|