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China's stock market on Monday gave the thumbs up to Friday's new regulation comprising 31 measures to streamline major shareholders' reductions in their equity holdings, with the benchmark Shanghai Composite Index gaining 1.14 percent to close at 3124.04 points. ▲ An investor checks stock prices at a brokerage in Shenyang, capital of Liaoning province. [Photo provided to China Daily] The Shenzhen Component Index and technology-focused ChiNext in Shenzhen, Guangdong province, added 0.88 percent and 0.68 percent, respectively. Market mavens said the new regulation is expected to bring more stability to the A-share market. On Friday, the China Securities Regulatory Commission, the country's top securities watchdog, promulgated the new regulation with immediate effect to address frequently occurring problems in the A-share market. Major shareholders should not cut their equity stakes via restricted shares through fake divorce, short-selling or unregulated ways, the CSRC said. Conseque
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