Malaysia Hotline: +603- 2141 8908
The
People's Bank of China will provide ample liquidity to help stabilize the stock
market. It will work with China Securities Finance Corp Ltd, the State-owned
margin lender, to obtain liquidity through loans and bonds. The PBOC says it
will do whatever it can to prevent systemic risks.
- The
China Insurance Regulatory Commission has increased the limits for insurers to
invest in blue-chip stocks from 5 percent to 10 percent of their total assets.
Qualified insurers can also increase the ratio of their equity assets from 30
percent to 40 percent of their total assets.
- The
State-owned Assets Supervision and Administration Commission, the State assets
regulator, has urged the 112 central State-owned enterprises to buy more shares
in their companies.
- The
China Securities Regulatory Commission has prohibited major shareholders and
senior executives of listed companies from selling stocks in their own firms
for at least six months.
- China
Financial Futures Exchange has substantially raised the margin requirement for
futures trading on the CSI 500 that tracks small and mid-cap stocks to 30
percent to curb speculative short selling.
- China
Securities Finance Corp Ltd has granted loans of 260 billion yuan ($42.1
billion) through stock collateral to 21 brokerage firms to allow them to buy
more shares.
- The
Ministry of Finance has encouraged State-owned financial firms to increase
their holdings in listed companies when prices are at reasonable levels. It has
also promised not to reduce its holdings in Chinese shares during market
volatility.
- Central
Huijin Investment Ltd, the investment arm of the country's sovereign wealth
fund, has promised not to reduce its stock holdings.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
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