China Financial News Headlines

October 15, 2008

New Regulation and Recent Chinese Stock Market

Filed under: financial news — Tags: , , , — Nancy @ 6:51 pm -0500

State-owned Enterprises shall not engage in Speculation in the Futures Market Trading
China Securities Regulatory Commission held a meeting to urgently deploy the reply for great fluctuation in international giant futures market. Jiang Yang, assistant to the chairman of the China Securities Regulatory Commission, said because the crisis triggered by the economic turmoil and other factors have led to dramatic fluctuations in commodity futures prices, the companies are facing increased risks of the operation. Therefore, the companies shall enhance risk elusion, while the state-owned enterprises shall not engage in speculation in the futures market trading.

Securities Regulatory Commission warns Futures Speculation outside the Country
Securities Regulatory Commission on Oct.10 had warning 25 state-owned companies which had obtained external futures hedging operations license and required them to increase risk control.

Upgrade of Increased Holding for Major Shareholders in Listed Companies
The major shareholders of intensified their strength to increase the shareholdings, major shareholders of three companies disclosed their increased holdings had reached 5% or promised to have over 5% increased holdings.

New Stock Account Increased over 15% in September
Data showed that in September the new stock account increased more than 15% compared with previous month, which also ended the consecutive decline trend in previous five months.

September, non-tradable stocks reduce 453 million shares
Until the end of September, tradable shares had reduced 26789 million shares in Shanghai and Shenzhen stock markets, which occupied 24.48% of reduction proportion and slightly higher than the 24.3% at the end of August.

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