Previous close | 0.6750 |
Open | 0.7300 |
Bid | 0.7300 x 0 |
Ask | 0.7650 x 0 |
Day's range | 0.7300 - 0.7300 |
52-week range | 0.6450 - 1.0700 |
Volume | |
Avg. volume | 0 |
Market cap | 5.837B |
Beta (5Y monthly) | 0.73 |
PE ratio (TTM) | 7.30 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.03 (5.08%) |
Ex-dividend date | 03 Jul 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's securities watchdog said it held a series of seminars on Sunday and Monday with market participants who proposed tighter scrutiny of company listings and trading behaviour as part of efforts to revive market confidence. The meetings were led by the watchdog's newly-installed chairman Wu Qing and held immediately after the week-long Lunar New Year holiday, reflecting the urgency to stabilize a market that dropped to five-year lows early this month. They also proposed a fairer trading mechanism and harsher punishment for law breakers, the China Securities Regulatory Commission (CSRC) said in a statement.
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.