China slams U S signature of bill barring Chinese firms from U S stock market china.org.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from china.org.cn Daily Mail and Mail on Sunday newspapers.
The Mainland China shares advanced on Monday, 21 December 2020, with the Shanghai Composite Index and blue-chip CSI300 index closing higher, as investors cheered Beijing s continued policy support to shore up its economy hurt by the coronavirus crisis. However, market gains capped amid concerns over frictions between the US and China trade spat, Brexit uncertainties and tighter coronavirus lockdowns in some countries.
At closing bell, the benchmark Shanghai Composite Index was up 0.76%, or 25.67 points, to 3,420.57. The Shenzhen Composite Index, which tracks stocks on China s second exchange, added 1.87%, or 42.41 points, to 2,304.98. The blue-chip CSI300 index climbed up 0.94%, or 46.87 points, to 5,046.84.
The Central Economic Work Conference pledged no U-turn in policy support to companies. China will put its focus on eight tasks for the coming year, including strengthening strategic technological innovation, ensuring the control of supply chains and boosting domestic demand.
Headline indices of the Hong Kong stock market finished session lower on Monday, 21 December 2020, as selling on concerns over frictions between the US and China trade spat and rising COVID-19 infections in Britain and parts of North Asia. However, market losses capped amid positive news of U. S. lawmakers accomplishment of an agreement on further stimulus measures to underpin the pandemic-hit economy.
At closing bell, the benchmark Hang Seng Index fell 0.72%, or 191.92 points, to 26,306.68. The Hang Seng China Enterprises Index dropped 0.78%, or 81.51 points, to 10,401.83.
Several European countries closed their borders to the UK as the country entered a tougher lockdown to fight a new strain of coronavirus. Prime Minister Boris Johnson will chair an emergency response meeting on Monday to discuss international travel and the flow of freight in and out of Britain.
Foreign Ministry Spokesperson Wang Wenbin s Regular Press Conference on December 21, 2020 chineseembassy.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chineseembassy.org Daily Mail and Mail on Sunday newspapers.
2020-12-21 12:05:07 GMT2020-12-21 20:05:07(Beijing Time) Xinhua English
BEIJING, Dec. 21 (Xinhua) Chinese foreign ministry spokesperson Wang Wenbin has voiced firm opposition to U.S. President Donald Trump s signing into law a piece of legislation which seriously hinders the normal listing of Chinese companies in the United States.
The Holding Foreign Companies Accountable Act, recently passed by the U.S. House of Representatives, demands additional information disclosure from foreign public companies in the U.S. market, including the requirement that foreign issuers of securities establish that they are not owned or controlled by a foreign government. This was nothing but an unreasonable political crackdown on Chinese companies listed in the United States, Wang said at a press briefing.