US-listed Chinese stocks continued to rally over the past week since a key meeting addressed a number of concerns regarding China s stock market and US-listed Chinese companies, prompting positive responses from companies as they move to boost investor confidence.
India is reportedly planning to buy Russian oil at discounted prices and even considering the Chinese yuan as a reference currency in an India-Russia payment settlement mechanism, a move that Chinese analysts say represents the growing frustration among world economies over the US-led sanctions against Russia that have rattled global markets.
US-traded Chinese firms have been dragged into the heavier fog of regulatory uncertainty which roiled most of the firms on Thursday, in the wake of the US announcement of a provisional waitlist of five Chinese firms that may be removed from US exchanges.
The number of stock accounts in China s A-share market exceeded the 200 million mark for the first time, indicating the growing attractiveness and influence of the Chinese capital market, together with the appreciating currency, the yuan, experts said.