A document published by the nation’s cabinet on Friday promises to promote the ‘high-quality’ development of China’s capital market by strengthening supervision and guarding against risks.
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Chinese stocks take the limelight in the region as a rebound in manufacturing fuels optimism about the nation’s economic recovery. Foreign funds have snapped up more than US$11 billion of them over the past two months.
Local stocks remain on course for a third winning week as tech companies fuel wild gains in equities from New York to Tokyo. New home prices fell in fewer mainland cities last month, an official report shows.