• 16
  • 11
  • Favorite

China stocks end higher on market reform cheer, easing virus worries

Reuters2021-02-08

SHANGHAI, Feb 8 (Reuters) - China stocks closed higher on Monday as the country reported zero new local cases of the novel coronavirus and investors cheered Beijing's latest reform measures for the stock market.

The blue-chip CSI300 index rose 1.5% to 5,564.56, while the Shanghai Composite Index added 1% to 3,532.45 points.

Leading the gains, the CSI300 materials index jumped 5.3% and the CSI300 healthcare index added 2.4%.

China reported no new locally transmitted mainland COVID-19 cases for the first time in nearly two months, official data showed, adding to signs that it has managed to stamp out the latest wave of the disease.

Lifting investors' mood, China's securities regulator said it has given the greenlight to merging the Shenzhen Stock Exchange's main board with the SME board.

"It's an inevitable choice of the deepening capital market reforms, and would help the capital market better serve the development of small and medium firms via direct financing," China Securities said in a note.

China's new bank loans are expected to surge to a record high in January on a seasonal boost, a Reuters poll showed, while credit growth may be constrained by some marginal tightening of monetary policy as the central bank focuses on preventing risks.

Market participants looked past the country's market regulator releasing new anti-monopoly guidelines on Sunday that targeted internet platforms.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment11

  • missreenaa
    ·2021-02-09
    Good news
    Reply
    Report
  • Fredwkh
    ·2021-02-08
    Anyone here knows how to get a wonderful comment for coins?
    Reply
    Report
  • Yhcheah
    ·2021-02-08
    thank~~
    Reply
    Report
  • Hairzz
    ·2021-02-08
    Nice
    Reply
    Report
  • Fredwkh
    ·2021-02-08
    Hope everything goes back to normal quickly for everyone. 
    Reply
    Report
  • Sky1z3
    ·2021-02-08
    Wow
    Reply
    Report
    Fold Replies
    • Sky1z3
      m
      2021-02-17
      Reply
      Report
  • tks1992
    ·2021-02-08
    Nice
    Reply
    Report
  • MayWaitJune
    ·2021-02-08
    Good news
    Reply
    Report
    Fold Replies
    • DTWX
      Yes
      2021-02-08
      Reply
      Report
  • happyfeet179
    ·2021-02-08
    Cool 
    Reply
    Report
  • xiaobaii
    ·2021-02-08
    like please
    Reply
    Report
    Fold Replies
    • Fredwkh
      Pls comment for coins
      2021-02-08
      Reply
      Report
  • xiaobaii
    ·2021-02-08
    like please
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial