(Shanghai / Hong Kong Comprehensive News) The Chinese government has recently released signals to stabilize the market densely. Shanghai, Shenzhen and Hong Kong's stock indexes have risen three consecutive trading days.The biggest increase since March.
Following the 2800 points of the previous trading day, the Shanghai Stock Exchange Index once again stood 2,900 points on Thursday.
The Shanghai and Shenzhen cities sold 891.5 billion yuan (RMB, the same, Same, S $ 166.5 billion), and the market turnover continued to expand from the 766.9 billion yuan on the previous trading day.September is 6.294 billion yuan.
The Hong Kong Hang Seng Index closed up 1.96%on Thursday, the Hang Seng Technology Index rose 0.9%, and the net inflow of funds from the southbound capital was 1.817 billion Hong Kong dollars (over 300 million yuan).
The Lukang stock market has continued to fluctuate since the beginning of the year. In order to stabilize the market, Beijing has recently released good news to reshape market confidence.Stimulated by these news, A -shares and Hong Kong stocks have risen three consecutive trading days.
Since Wednesday, Chinese officials have set up four consecutive press conferences related to economy and financial work in three days. At the press conference on Thursday, the official continued to pass signals to support the real economy.
Xiao Yuan Enterprise, Deputy Director of the General Administration of Finance Supervision, said at a press conference on Thursday that it is necessary to adhere to the financial service real economy as the fundamental purpose and continuously meet the economic and social development and the increasing financial needs of the people.
Xiao Yuan Enterprise also pointed out that it is necessary to ensure the financing needs of major projects and people's livelihood projects, help urban and rural integration and regional coordinated development, and increase support for manufacturing, strategic emerging industries, and science and technology industry.
At the press conference of the previous day, Pan Gongsheng, the governor of the People's Bank of China, announced that it will reduce the deposit reserve ratio of 0.5 percentage points on February 5th to provide the market with a long -term liquidity of about 1 trillion yuan.The decline is beyond market expectations, which is considered to help alleviate the pessimistic market and boost the market's expectations of the market for economic recovery.
Xuanchang, deputy governor of the People's Bank of China, also announced at a press conference on Wednesday that the Central Bank of China and the Hong Kong Financial Administration will launch six measures to deepen financial cooperation between the mainland and Hong Kong, including the interconnection of the financial market, cross -border, cross -border, cross -borderFund facilitation and deepening financial cooperation.
In response to the stock market that has continued to weaken since the end of last year, Bloomberg quoted sources this week that the Chinese government intends to launch a plan to stabilize the stock market, including the mobilization of about 2 trillion yuan from the offshore accounts of Chinese state -owned enterprises, as a result of as a mobilization.Part of the Pingzhong Fund is injected into the shore stock market through Shanghai -Shenzhen -Hong Kong Stock Connect.
However, the expectations of overseas funds to the prospects of China's economy, especially real estate, are still not optimistic. The Chinese officials frequently have a series of stable economic signals transmitted to the outside world and whether the marketing measures adopted will continue to stabilize market confidence. It remains to be observed.
George Magnus, an assistant researcher at the China Center of Oxford University, said that investors abandon Chinese shares not only for general valuations, but also because of the overall economic policy and political environment.It may need to make major changes in both aspects.
