三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
Business / Markets

Policy moves lift stocks to 7-week high

By LI XIANG (China Daily) Updated: 2015-10-13 07:50

Markets rally after PBOC expands pilot program to allow banks to use qualified credit assets as collateral

China's stock indexes rose sharply on Monday, sending the benchmark to a seven-week high, after the monetary authority rolled out fresh measures to stimulate the economy.

The Shanghai Composite Index jumped by 3.28 percent, or 104.51 points, to close at 3287.66 points. The Shenzhen Component Index, which tracks smaller stocks, advanced by 4 percent, while the ChiNext Index comprised by high-tech and startup companies rose by 4.52 percent.

Trading turnover in Shanghai and Shenzhen also surged, exceeding 900 billion yuan ($142.4 billion), up by 55 percent from the previous trading day.

The rallies followed the People's Bank of China's announcement over the weekend to expand a pilot program that allows banks to use qualified credit assets as collateral for refinancing.

The program, currently being implemented in Guangdong and Shandong provinces, will be expanded to nine provinces and cities including Beijing and Shanghai.

Analysts said the central bank move seemed to have sent a reassuring signal to investors that more stimulus measures to energize the slow economy were likely.

"The market rebound was a correction of previous overly pessimistic sentiment as investors appeared to be convinced China's economic reform and stimulus measures will continue," said Li Xunlei, chief economist at Haitong Securities Co.

Li said the positive market response on Monday had to do with a basket of factors, including investors' easing concerns of a substantial deprecation of the yuan, and potential large-scale capital outflows as any imminent interest rate hike by the US Federal Reserve became increasingly unlikely.

The sharp rise in the equities market also came ahead of the release of China's September economic data starting with trade and consumer price figures on Tuesday. The market will also see a wave of performance reports by listed companies for the third quarter.

Most analyst anticipate that China's overall economy will remain sluggish for the rest of the year, but the declining inflation rate will offer more policy room for an interest rate cut by the central bank, meaning that a loose monetary environment will continue.

The improved market sentiment also suggested investors were convinced the central government will continue to rein in the economic slowdown through means including infrastructure investment projects and reduced financing costs for firms.

"The central government authorities are working hard to ensure the flow of financing to investment projects, which is key to enabling heavily indebted manufacturing enterprises to continue to service their bank loans," said Tim Condon, chief Asia economist at ING Bank in a research note.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产精品午夜在线播放a | 国产在线观看一区二区三区四区 | 一级特黄录像免费播放中文 | 精品视频免费看 | 国产在线拍揄自揄拍视频 | 97久久天天综合色天天综合色hd | 国产香蕉在线精彩视频 | 成人三级图片 | 欧美三级伦理 | 亚洲第一伊人 | 香蕉草草久在视频在线播放 | 国产亚洲精品一区二区久久 | 我要看黄色一级毛片 | 欧美日韩国产综合视频一区二区三区 | 国产亚洲精品综合在线网址 | 国产a级免费 | 国产视频在线看 | 欧美系列在线播放 | 亚洲午夜一区二区三区 | 日韩欧美国产一区二区三区 | 1024国产高清精品推荐 | 国产三级精品三级国产 | 国产在线精品一区二区三区 | 久久精品国产亚洲香蕉 | 丁香狠狠色婷婷久久综合 | 在线免费观看a级片 | 尤物在线观看免费入口 | 伊人影院在线观看视频 | 精品国产精品a | 色综合天天 | 五月色综合婷婷综合俺来也 | 欧美国产综合在线 | 亚洲国产成人久久精品图片 | 91精品一区二区三区在线观看 | 污网站网址| 高中生福利视频在线观看 | 国产一区三区二区中文在线 | 国产不卡免费 | 黄色在线观看视频网站 | 国产伦精品一区二区三区免费观看 | 国产午夜一级鲁丝片 |