More Foreign Cash Are Allowed
China plans to more than double the amount of foreign cash allowed in its US$350 billion share markets and suspends domestic initial public offerings indefinitely.That has propelled stocks as much as 2.5 percent higher in Monday trading.
The government unveiled a series of initiatives to support bourses as it pushes a plan to sell more than US$200 billion in non-traded State shares.
Among other proposed market-boosting steps, the country also plans eventually to give its State-run corporations free rein to buy stocks.
页:
[1]