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Shanghai and Shenzhen stock exchanges woo foreign investors after worst start since 2016

SCMP LogoSCMP1d ago

Shanghai and Shenzhen stock exchanges woo foreign investors after worst start since 2016 - SCMP

Quick Summary:

The bourses met representatives of 16 overseas money managers and investment banks, seeking their inputs to jumpstart the market.

Although the benchmark rose 15 per cent last year to snap three consecutive years of declines, the dismal start to the new year underscores prevailing caution among investors who want to see forceful stimulus implementation.

The CSI 300 Index of onshore stocks tumbled nearly 3 per cent on the first trading day of the year, the worst start since 2016, prompting the China Securities Regulatory Commission to immediately dismiss rumours of massive mutual fund redemptions by insurance firms.


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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-06 @ 14:35:54 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 270 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 54 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 24911915

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About SCMP

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Main Topics: Business

Official Website: scmp.com

Update Frequency: 15 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 6 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

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  • URL: https://beamstart.com/news/shanghai-and-shenzhen-stock-exchanges-173614690472

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