Positive stance may boost key index
By Vivian Jin |
December 12, 2011, Monday
|
Print Edition
Print Edition
SHANGHAI'S key stock index may rebound this week as analysts view the central government's intention to keep a stable and relatively fast economic growth next year as positive.
The Shanghai Composite Index last week lost 1.9 percent to close at 2315.27 points, capping the first five straight weekly losses this year.
On Friday, the central government expressed its determination to maintain prudent monetary policy while ensuring stable and relatively fast economic growth for 2012 after a meeting of top leaders.
The meeting is a precursor to the three-day Central Economic Work Conference starting today which will set details and the tone for China's economic policy and direction for 2012.
"The top priority to ensure stability may mean more support to rev up domestic consumption to boost the economy,'' said Chen Jian, an analyst at Caitong Securities Brokerage Co Ltd.
The Shanghai Composite Index last week lost 1.9 percent to close at 2315.27 points, capping the first five straight weekly losses this year.
On Friday, the central government expressed its determination to maintain prudent monetary policy while ensuring stable and relatively fast economic growth for 2012 after a meeting of top leaders.
The meeting is a precursor to the three-day Central Economic Work Conference starting today which will set details and the tone for China's economic policy and direction for 2012.
"The top priority to ensure stability may mean more support to rev up domestic consumption to boost the economy,'' said Chen Jian, an analyst at Caitong Securities Brokerage Co Ltd.
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