Stocks gain as liquidity concerns eased
Print Edition
SHANGHAI stocks rose yesterday as liquidity concerns were eased after the central bank injected funds via open market operations.
The Shanghai Composite Index gained 0.68 percent to 3,144.37 points.
The People’s Bank of China injected a net liquidity of 110 billion yuan (US$16 billion) into the financial market through reverse repos yesterday.
The central bank attributed the new operations to a huge decline in overall liquidity due to factors including payments for government bonds.
Traders said liquidity conditions improved as the central bank continued to provide funds via open market operations, after injecting a net 410 billion yuan into money markets last week, the biggest weekly injection since mid-January.
Expectations of fewer new listings also supported the market. The securities regulator approved six initial public offerings last Friday, which was the fourth straight week that the pace had slowed from an average of around 10 IPOs in the past months.
Chinese investors are also awaiting a decision by US index provider MSCI, which will decide today whether to include A shares in its Emerging Market Index.
The securities regulator said it would be happy for MSCI index inclusion, but Chinese capital market reform will not be derailed without the inclusion.
“The inclusion could bring about 60.7 billion yuan into the (A-share) market, but the impact would be limited if the inclusion does not happen,” Haitong Securities wrote.
Xinjiang Ba Yi Iron & Steel Co jumped 9.95 percent to 9.17 yuan, Xinjiang Tianrun Dairy Co rose 5.21 percent to 51.74 yuan, and Central China Securities Co added 4.1 percent to 10.42 yuan.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
