Previous Close | 21.41 |
Open | 21.33 |
Bid | 21.40 x 0 |
Ask | 21.41 x 0 |
Day's Range | 21.16 - 21.55 |
52 Week Range | 20.39 - 29.45 |
Volume | |
Avg. Volume | 11,634,233 |
Market Cap | 139.072B |
Beta (5Y Monthly) | 0.73 |
PE Ratio (TTM) | 27.45 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 0.27 (1.26%) |
Ex-Dividend Date | Aug 22, 2023 |
1y Target Est | N/A |
China's securities regulator said on Friday it would mete out increasingly tough penalties on fraudulent listings, accounting scams and misappropriation of funds by big shareholders, as part of a crackdown to boost confidence in the stock market. In its first news conference since the appointment of a new chairman, the China Securities Regulatory Commission (CSRC) also said it would target insider trading and market manipulation more precisely, removing regulatory blind spots. As investors anticipated forceful measures to boost the market, China's blue-chip CSI300 Index rose for its ninth straight session on Friday, having rebounded 12% from five-year lows hit early this month.
China replaced the head of its market watchdog Wednesday in an apparent attempt to restore confidence in financial markets following a prolonged downturn. Official media said Wu Qing, a former chairman of the Shanghai Stock Exchange, would replace Yi Huiman as chairman and Communist Party chief of the China Securities Regulatory Commission.
China's securities regulator said on Monday it will closely monitor and take forceful measures to prevent risks from pledged shares as the stock market plunged to five-year lows. The slump has led to many big shareholders of listed companies who borrowed against their stocks facing margin calls. Roughly 100 listed companies so far this year have disclosed that major shareholders are putting up additional collateral to avoid forced liquidation.