三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
Business / Markets

Concerns over short selling weigh heavily on A-share market

By LI XIANG (China Daily) Updated: 2015-02-26 09:19

Concerns over short selling weigh heavily on A-share market

Investors at a brokerage in Nantong, Jiangsu province, on Wednesday. Chinese stocks ended lower in the first day of trading after the week-long Lunar New Year holiday. [Photo/China Daily]

Chinese stocks ended lower on the first day of trading after the week-long Lunar New Year holiday amid concerns that soon-to-be-launched short selling in Shanghai will weigh on the bullish market sentiment.

Starting next week, overseas investors will be allowed to engage in short selling on a total of 414 stocks listed in Shanghai through the Shanghai-Hong Kong Stock Connect-a trading arrangement that allows mainland and Hong Kong investors to trade shares in each other's markets.

The introduction of short selling is being seen as an attempt by the securities regulator to lure more sophisticated international investors into the mainland's markets by offering them more hedging tools.

The initial impact is expected to be limited, however, as the daily volume of short positions on a stock will be capped at 1 percent and no more than 5 percent over 10 consecutive days, according to the Hong Kong Exchanges and Clearing Ltd.

But the bearish mood already began to spread as most shares in Shanghai and Shenzhen declined on Wednesday, led by insurance and brokerage stocks.

Overseas traders are already betting against Chinese shares as short interest in the largest US-listed exchange-traded fund tracking the mainland's stocks was 6.3 percent, up 0.1 percent from the end of last year, Bloomberg reported.

"There might be limited room for the indexes in Shanghai and Shenzhen to continue to rise and the markets will see fluctuations in the near term," Fang Lei, a strategist with Ping An Securities Co, said in a research note.

Fang said rising uncertainty is likely to persist throughout March as the positive liquidity factor gradually thins out with the country's general economic performance unlikely to present the market with any major surprises.

China's better-than-expected manufacturing activity in February, highlighted in HSBC's flash Purchasing Managers Index, failed to cheer investors on Wednesday.

The Shanghai Composite Index fell 0.56 percent while the Shenzhen Component Index retreated 1.53 percent after both indexes had gained for seven consecutive trading days before the holiday break.

Some analysts remained bullish on the fortunes of the A-share market, however, based on the likelihood of further interest rate cuts by the country's monetary authorities to shore up the economy.

It is widely expected that the People's Bank of China, the central bank, will cut the benchmark interest rate by 25 basis points and further reduce the reserve requirement ratio for banks in the first half of this year.

"The market is likely to continue to rebound in March with improved liquidity as slower growth and deflation risks prompt the central bank to further loosen monetary policy," Guodu Securities said in a report.

Investor confidence may also be given a boost from the upcoming two sessions of the National People's Congress, the top legislature, and the Chinese People's Political Consultative Conference, the top advisory body, during which key reform policies will be discussed, the report said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 99成人在线| 国产偷窥自拍视频 | 国产精品色 | 免费一级黄色毛片 | 久久综合图片 | 狠狠亚洲婷婷综合色香 | 午夜视 | 久久99精品这里精品3 | 国产成人av性色在线影院 | 国产一级特黄aa毛片 | 99人中文字幕亚洲区 | 国产亚洲新品一区二区 | 欧美毛片免费看 | 爱爱视频免费 | 成人午夜视频在线观 | 国模人体肉肉拍拍 | 一级做a爰片性色毛片思念网 | 亚洲精品福利视频 | 国产精品亚洲第一区二区三区 | 亚洲精品一区二区三区四区 | 国产精品99久久久久久www | 中文字幕第99页 | 97精品国产综合久久 | 日韩综合 | 青青青国产依人在线视频97 | 美女成人私密视频 | 成人夜色视频在线观看网站 | 久久精品视频大全 | 久久一区 | 在线中文字幕精品b | 夜色资源在线观看免费 | 国产精品馆 | 亚洲毛片大全 | 国产精品视频永久免费播放 | 黄色片网址在线观看 | 国产精品视屏 | 青青操免费在线观看 | 在线精品国内视频秒播 | 我要看黄色特级黄色录像 | 精品国内一区二区三区免费视频 | 在线观看黄视频 |