China’s initial public offering (IPO) volume has slumped 70 per cent from a year ago after the securities regulator pledged in late August to bolster the sluggish stock market by restricting approvals and slowing down the pace of new-share offerings.
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SHANGHAI China stocks started the week on a firm note due to hopes of more policy support to shore up the world’s second-largest economy hurt by the coronavirus crisis. The CSI300 index rose 0.6% to 4,918.20 at the end of the morning session, while the Shanghai Composite Index gained 0.4%, to 3,360.48.
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Try refreshing your browser, or China stocks rise on hopes of policy support; Hong Kong dips Back to video China will step up fiscal policy support for a strategy to make its economy mainly rely on domestic demand, supply chains and innovation, Finance Minister Liu Kun said.
China stocks rebound on policy support hopes Reuters 12/14/2020
SHANGHAI, Dec 14 (Reuters) - China stocks rebounded on Monday, underpinned by hopes of more policy support to shore up the world s second-largest economy hit by the COVID-19 pandemic. The blue-chip CSI300 index rose 0.9% to 4,934.84, while the Shanghai Composite Index added 0.7% to 3,369.12. Last week, the blue-chip stock index posted its biggest weekly loss in 11 weeks, as a flare-up in Sino-U.S. tensions and worries about policy tightening dented risk appetite. China will step up fiscal policy support for a strategy to make its economy mainly rely on domestic demand, supply chains and innovation, Finance Minister Liu Kun said.