• 48
  • 7
  • Favorite

China shares rise as Beijing steps up law enforcement on securities market

Reuters2021-07-07

* SSEC +0.4%, CSI300 +0.9%, HSI -0.7%

* HK->Shanghai Connect daily quota used 0.8%, Shanghai->HK daily quota used 2.3%

* China vows to crack down on illegal securities activities

SHANGHAI, July 7 (Reuters) - China shares rose on Wednesday, with the new-energy vehicle sector leading gains, as the government stepped up supervision of Chinese firms listed offshore and announced new measures to protect the rights of investors.

** At the midday break, the Shanghai Composite index was up 0.44% at 3,545.65 points while the blue-chip CSI300 index added 0.88%.

** Leading the gains, the sub-index tracking new-energy vehicle makers and suppliers jumped 5%, the rare earth sub-index surged 4.75% and the healthcare sub-index rose 2.68%.

** The smaller Shenzhen index was up 1.33%, the start-up board ChiNext Composite index was higher by 3.25% and Shanghai's tech-focused STAR50 index was up 1.96%​.

** China will upgrade law enforcement on illegal activities in the securities market such as financial fraud, insider trading and market manipulation, its cabinet said on Tuesday.

** The country will also step up supervision of Chinese firms listed offshore, days after Beijing launched a cybersecurity investigation into ride-hailing giant Didi Global Inc on the heels of its U.S. stock market listing.

** Chinese H-shares listed in Hong Kong fell 1.39% to 10,126.62, while the Hang Seng Index was down 0.74% at 27,865.25.

** The sub-index of the Hang Seng index tracking energy shares dipped 2.1%, while the IT sector fell 1.6%.

** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.35% while Japan's Nikkei index was down 0.91%.

** The yuan was quoted at 6.4707 per U.S. dollar, 0.12% firmer than the previous close of 6.4788.

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

Comment7

  • ChoonYee
    ·2021-07-07
    Good
    Reply
    Report
  • Tygress
    ·2021-07-07
    Omg... My Hong Kong shares.. Cries
    Reply
    Report
    Fold Replies
    • Cyn198
      Poor thinG.
      2021-07-07
      Reply
      Report
  • SaveHK
    ·2021-07-07
    Beware of traps.
    Reply
    Report
  • Genesis8888
    ·2021-07-07
    wow
    Reply
    Report
  • CKWong0572
    ·2021-07-07
    Great ??thanks 
    Reply
    Report
  • Baby Step 4
    ·2021-07-07
    Got it 
    Reply
    Report
    Fold Replies
    • Baby Step 4
      Sure!
      2021-07-07
      Reply
      Report
    • Selevadevi
      please like and comment
      2021-07-07
      Reply
      Report
  • TanWeiHan
    ·2021-07-07
    Like and comment thanks
    Reply
    Report
    Fold Replies
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial