China state-owned daily urges calm after market rout
07/28/2021 2:11
SHANGHAI (Reuters) - A Chinese state-owned securities newspaper urged calm on Wednesday after investors dumped mainland shares for a second day on worries over the impact of tighter government regulations.
Regulatory moves aimed at the education, property and technology sectors sparked heavy selling this week in Chinese markets, and have left global investors bruised and uncertain over the outlook for investments in Chinese firms.
In a front page commentary on Wednesday, the state-owned Securities Times said that systemic risks do not exist in the A-share market overall. The macroeconomy is still in a steady rebound stage, and short-term fluctuations do not change the long-term positive outlook for A-shares, the commentary said.
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