China Stocks Rebound in Wild Fluctuation – Dong Zhixin

After a few days of plunging shares prices, the Chinese stock market seems to have resurfaced. From ChinaDaily.com:

Chinese stocks rebounded in wild fluctuations on Tuesday, erasing part of the losses incurred in the last few days since the stamp tax hike on stock trading…

In a move seen as an attempt to restore investors’ confidence, the China Securities Regulatory Commission (CSRC) has approved four new funds that will invest in Chinese stocks, according to an earlier report. Each of the funds would be allowed to raise as much as $1.3 billion for investment in Chinese shares. [Full text]

June 5, 2007 12:59 PM
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Categories: Economy