China’s ‘broker butcher’ regulator puts on charm to instill confidence, revive stocks

Quick Summary:

The CSRC’s boss wants state-run funds and private asset managers to show more buying power, deliver higher returns to shore up market confidence.

This is not the first time Wu is nudging fund managers to inject life into the market.

The CSI 300 Index, which tracks the nation’s 300 biggest companies listed in Shanghai and Shenzhen, has slipped about 10 per cent from this year’s high, while the combined turnover of the two exchanges has slumped to a four-year low.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Jiaxing Li

Category: Business

Markets: Hong KongChina

Topics: Investment Cent Stock Investors Capital Confidence Csrc Institutional China’s Market Managers

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-26 @ 12:30:07 (6 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 549 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22293583

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 6 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 2 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions