SHANGHAI: China stocks had a good start to the week with major indexes up as investors interpreted the new guidelines on the country’s capital market as a positive signal for the stock market. Hong Kong shares declined.
China’s securities regulator issued draft rules on Friday to strengthen the supervision of company listings, delistings and computer-driven programme trading, in a move to improve the stock market and protect investors’ interests.
China stocks fall on shrinking trade
UBS strategist Lei Meng believes that the updated policies would fundamentally guide the long-term healthy development of the capital market, improve the quality of listed companies and boost market confidence.
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At the midday break, the Shanghai Composite index was up 1.21% at 3,055.99 points.
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China’s blue-chip CSI300 index was up 1.9%, with its financial sector sub-index 1.68% higher, the consumer staples sector rose 2.36%, the real estate…
