2021-02-19 01:59:48 GMT2021-02-19 09:59:48(Beijing Time) Xinhua English
Guests unveil five newly-established financial institutions at an online opening ceremony in Shanghai, east China, March 20, 2020. (Xinhua/Fang Zhe)
BEIJING, Feb. 18 (Xinhua) The Chinese stock market kicked off the first trading day of the Year of the Ox with widespread gains, as the country s ongoing capital market reforms added to investor confidence.
The benchmark Shanghai Composite Index opened 1.81 percent higher while the Shenzhen Component Index jumped 1.97 percent at opening.
The ChiNext Index, tracking China s NASDAQ-style board of growth enterprises, was up 1.82 percent to open at 3,475.89 points Thursday.
As the country steps up capital market reforms, Chinese stocks and bonds will become increasingly attractive to both domestic and international investors, analysts say.
The Chinese stock market kicked off the first trading day of the Year of the Ox with widespread gains, as the country s ongoing capital market reforms added to investor confidence.
2021-02-19 10:02 By: Xinhua The Chinese stock market kicked off the first trading day of the Year of the Ox with widespread gains. As China steps up capital market reforms, Chinese stocks and bonds will become increasingly attractive to both domestic and international investors. China s financial opening up is running at full tilt despite the changing international environment and coronavirus-induced shocks.
BEIJING, Feb. 18 (Xinhua) The Chinese stock market kicked off the first trading day of the Year of the Ox with widespread gains, as the country s ongoing capital market reforms added to investor confidence.
The benchmark Shanghai Composite Index opened 1.81 percent higher while the Shenzhen Component Index jumped 1.97 percent at opening.
By Addison Gong
19 Feb 2021
In this round-up, consumer inflation in China disappoints in January, lenders extend a record amount of new renminbi loans last month, and the banking and insurance regulator asks financial institutions to step up their reputational risk management.
China’s Consumer Price Index (CPI) declined 0.3% year-on-year in January, while the Producer Price Index (PPI) rose 0.3%.
The dip in consumer inflation was mainly due to a high base of comparison, as the Chinese New Year fell in January last year but in February this year, according to the National Bureau of Statistics.
The weaker-than-expected CPI inflation in January does not suggest any disinflation risks, and Beijing is expected to maintain its policy stance, wrote economists at Nomura in a note last week. They expect CPI inflation to remain stable in February at around negative 0.3%, and the PPI inflation to rise to slightly above 1%. Ho Woei Chen, an economist at UOB, expects CPI to rise more str
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