Chinese stock regulator urges listed firms to revamp assets, boost market value

Quick Summary:

CSRC details policies including fast-track approval for M&A activity by large firms as it looks to burnish the stock market’s appeal.

A half-point interest-rate cut by the Federal Reserve last week has given China more leeway to escalate its policy loosening without weakening the yuan or triggering capital outflows.“The announcements are positive for the broader equity market given potential additional fund inflows, greater levels of buy-backs and, in the long run, more corporate governance enhancement,” said James Wang, head of China strategy at UBS Group in Hong Kong.

The fresh package of stimulus measures came after China’s benchmark stock index dropped to its lowest level in more than five years this month and all key economic data in August fell short of expectations.

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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets: Hong KongChina

Topics: Boost China Stimulus Companies Package Yuan Nation’s Listed Market Stock Economic

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 13:00:32 (2 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 233 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 47 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 22702847

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