China stocks rebound as regulators plan fresh support measures

Briefing by News4U · First published

Chinese stocks rose on Monday after reports that the central bank and securities watchdog will meet brokerages and fund managers to discuss measures supporting capital markets and encouraging lending for share buybacks. The CSI 300 Index closed up 0.8 per cent, the Shanghai Composite Index rose 1.08 per cent to 3,638, and the Shenzhen Component Index gained 1.63 per cent. In Hong Kong, the Hang Seng Index ended up 0.42 per cent at 23,393. The yuan hit a more-than-four-year high against the dollar. [1] [2]

Sources

  1. China’s battered stocks get little relief from latest support efforts

    SCMP Business · · Summary only

  2. HK rises as mainland markets rebound on policy talk

    RTHK Finance · · Excerpt

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