The stock market in continental China and Hong Kong, which plummeted for two consecutive trading days due to the failure of U.S.-China economic talks, rebounded in an abnormally short window after China’s financial commission issued a bailout signal on March 16. “This just goes to show that the Chinese stock market has always been a ‘policy market’, heavily influenced and manipulated by Chinese Communist Party (CCP) officials, rather than being led by market rules like a normal stock market,” political affairs commentator Lu Tianming told The Epoch Times on March 18. On March 16, Liu He, China’s vice premier and head of the Financial Stability Development Committee (FSDC) of the State Council, emphasized the need to maintain the “stable operation” of capital markets at a special session on real estate companies, Chinese stocks, and Hong Kong’s financial markets, according to official Chinese media reports. FSDC’s subordinate financial regulators including China’s …
After Stocks Plunge in Hong Kong, Mainland China, Beijing’s Financial Rescue Sends Them Soaring
March 21, 2022
admin
Asia & PacificBusiness & EconomyChinaChina Business & EconomyChinese financial marketeconomyhong kong stocksU.S.-ChinaWorld
0 Comment