SHANGHAI (Reuters) - Shares on China's two-year-old Beijing stock exchange recorded their best daily performance ever on Monday, after the country ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSSHANGHAI - Shares on China's two-year-old Beijing stock exchange recorded their best daily performance ever on Monday, after the country announced reform measures to improve the market that focuses on smaller innovative tech firms.
The CSRC's move comes on top of several other market and economic stimulus measures over recent weeks as China's post-COVID economic recovery lost steam since the second quarter, while a deepening property crisis has rattled investors. Shares in Long Bamboo Technology Group, Hunan Wuxin Tunnel Intelligent Equipment Co and Panzhihua Bing Yang Technology Co jumped by between 20% and 30% and led the gains among the 217 listed companies in the market.The CSRC aimed to boost liquidity in the market by relaxing investor thresholds and improving trading mechanisms. The team of market-makers will be expanded, and all shares listed on the market will be eligible for margin financing, the CSRC said.
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