It's another stimulus the government wants to adopt to invigorate the market by bolstering trading in the long term.
More Quotes from Wu Zhiguo:
But considering China mainland's scandal-riddled brokerage sector, any concrete move may not come early this year before risk-management rules are finalized while only select brokerages are likely to be included at the initial stage.Wu Zhiguo
The move is clearly aimed at protecting small investors. If directors fail to convene a shareholders' meeting when necessary, investors can act on their interests and help make corporate issues transparent.
Wu Zhiguo
The bonds were forecast to jump as their government backing means little risk to investors. As the country's stock markets still face policy uncertainties, these bonds provide a haven for investors.
Wu Zhiguo
The declines were largely due to lack of confidence. Worries over weak corporate governance, brokers' scandals and an equity oversupply weighed on the bourses.
Wu Zhiguo
Big parent companies are likely to merge or sell some of their weaker listed arms to cut costs to make sure they can stay alive. Besides, additional assets may be infused in good-quality public firms so they can seek funds for expansion.
Wu Zhiguo
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Based on Topics: Government QuotesBased on Keywords: bolstering, invigorate
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