国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Make me your Homepage
left corner left corner
China Daily Website

Shares gain on optimism over economic reform

Updated: 2013-11-16 07:37
By Xie Yu in Shanghai ( China Daily)

Shares gain on optimism over economic reform
Chinese shares posted strong daily gains on Friday, with investors assured by the plans for unprecedented economic reform. Total turnover on the Shanghai and Shenzhen bourses increased from 158.9 billion yuan ($25.9 billion) on Thursday to 232.4 billion yuan on Friday. [Photo/ China Daily]

CSRC said to encourage listed companies to pay out dividends

China's equity market gained ground on Friday amid optimism surrounding economic reform.

The benchmark Shanghai Composite Index was up 1.68 percent, the biggest gain in a month. Turnover increased 36 percent from Thursday to 113.4 billion yuan ($18.5 billion).

Analysts said that investors took heart from media reports about a detailed reform plan, which was approved by the Third Plenum of the 18th Central Committee of the Communist Party of China. The Party meeting ended on Tuesday.

The will to pursue reform is "unprecedented", with reform in the economic sector to be emphasized, the People's Daily reported, quoting comments Friday by Yang Weimin, vice-head of the Office of the Central Leading Group on Finance and Economic Affairs.

Domestic stocks sagged earlier in the week in response to a vaguely worded communique released on Tuesday night as the Plenum wrapped up.

The document raised doubts about the government's determination to pursue deep reform, which many investors had priced in earlier. The benchmark index fell 1.83 percent on Wednesday.

Brokerage, aerospace and aviation, and tourism shares led the rally on Friday.

Citic Securities Co Ltd and Haitong Securities Co, the two largest brokerages by market capitalization, climbed 6 percent and 7 percent, respectively.

Xiao Gang, chairman of the China Securities Regulatory Commission, was reported as saying the "decisive" role played by the market in China will "usher in unprecedented opportunities for developing the country's capital markets".

The Securities Times quoted the regulator as saying that it plans to push listed companies to pay dividends.

"It seems opportunities are largely outweighing risks now. I see a lot of investment opportunities. Personally, I think it is possible that the bear market is about to end," said Xin Yu, president of Guangzhou-based Zequan Investment.

State-owned enterprises and cyclical companies will experience the impact of reform first, he said.

The nation is to give market forces a bigger role in the economy. It will also break the long-term dominance of some SOEs and force them to become more profitable.

Policymakers may also ease energy price controls while giving markets a "decisive" role in allocating resources.

Wang Tao, the chief China economist at UBS AG, said that a "decisive" role for markets means China is trying to free up prices for "the factors of production" such as labor, capital, energy and land.

 

 
 
...
石景山区| 铜川市| 华亭县| 台中县| 阿坝县| 临邑县| 忻州市| 永仁县| 松滋市| 庆安县| 阆中市| 宿迁市| 禄丰县| 鄂托克旗| 新和县| 师宗县| 沁源县| 始兴县| 游戏| 永顺县| 阜城县| 长垣县| 留坝县| 土默特左旗| 如皋市| 惠来县| 隆德县| 乐亭县| 浙江省| 临颍县| 怀化市| 镇原县| 广西| 龙江县| 莱州市| 潜江市| 大方县| 伊宁市| 黔东| 葵青区| 汉沽区|