Stocksdivergeamidintensifiedmarketsupport_Business_ENG.TAIWAN.CN

– Make us your homepage -Simplified ChineseTraditional ChineseSEARCH    HomeNews on TaiwanCross-Strait ExchangesChina FocusWorld SpotlightPhotoVideoOpinionSpecial ReportsDocumentsLatest UpdateMainland offers medical assistance to Taiwan park blaze victims   |   Mainland ready to help injured of Taiwan water park blaze: Official   |   Taiwanese permitted to enter mainland only with MTP   |   “Free landing” of Taiwanese on the mainland begins   |   Chinas police calls for strengthened safety after Taiwan water park blaze   |   Mainland company donates to victims of Taipei park fire   |   Taiwan residents permitted to enter mainland only with MTP   |   New travel rule to boost cross-Straits ties   |   Cross-Straits legal deal bearing fruit   |   Taiwans motorcycles hit the road in Pingtan   |   Fujian, Taiwan add new sea route   |   Fujian province looks to Taiwan investment   |   Forum to strengthen cross-Straits economic cooperation   |   6.4-magnitude quake hits Taiwan: CENC   |   Tsai should heed lessons of recent past   |   Home / BusinessStocks diverge amid intensified market supportUpdated: 07 07 , 201509:22?????Small  Medium  LargeEmailPrintStock markets moved in differing directions after Chinas regulators intensified efforts over the weekend to shore them up.
The benchmark Shanghai Composite Index closed at 3,775.91, up 2.4 percent, after erasing a gain of as much as 7.8 percent at the opening, while the Shenzhen Component Index retreated 1.4 percent to close at 12,075.77.
Nearly 900 stocks tumbled, led by the Internet, software and satellite development sectors.
Blue-chips led the gains on the Shanghai bourse, as Agricultural Bank, China Life Insurance and China National Petroleum Corp surged by the daily limit of 10 percent, after the countrys 21 major brokerages announced they would spend 120 billion yuan ($19.62 billion) or 15 percent of total net assets, on blue chip Exchange Traded Funds.
Earlier, the Shanghai index surged as much as 7.8 percent to 3,975.21 at the opening in response to measures launched by regulators to restore faith among investors.
The State Council ordered the suspension of new public offerings over the weekend to unleash liquidity locked up in share subscriptions, while brokerages and executives from 25 mutual funds vowed to buy stocks.
The Shanghai index plunged 29 percent from its June 12 peak as of Fridays close, while the Shenzhen Component Index slumped 33 percent.
The China Securities Regulatory Commission announced on Sunday that the central bank would offer liquidity support to China Securities Finance Corporation, a State-owned facilitating margin loan service among brokerages
China Vanke, the countrys largest residential developer, approved a plan to buy back as much as 10 billion yuan of its A shares, before they jumped 8.6 percent on Monday.
The move came amid similar decisions among board members, executives and controlling shareholders of more than 20 listed Chinese firms.
Nine Shanghai-listed companies, including environmental protection firm Beijing GeoEnviron Engineering &Technology and 14 listed on the tech-heavy Shenzhen Stock Exchange made the announcement over the weekend, according to Xinhua, to support share prices.createPageHTML(1, 0, “t20150707_10195576”, “htm”);Related StoriesPhoto /VideoSring scenery of ASun Li promotes TVScenery of Lanyu iArtworks made of cTaiwans KMT nominHung Hsiu-chu appr255 victims of TaiNew Taipei bans usMost PopularLing Jihua expelled from CPC, to face justiceCross-Strait University Debate Contest held in SE Chinas FujianContract inked to supply Kinmen with mainland waterJourney to the Silk Road – TaiwanFour injured in Taipei subway knife attackCross-Strait ExchangesTaiwan people get access to vaccine in GuangdongTaiwan reservoirs at low levels as drought persistsTaiwan reports 6 new imported COVID-19 cases, urges strict anti-epidemic measuresTaiwan rations water supply as drought continuesNo feedback from Taiwan on substandard pineapple: SpokespersonSpeeches & Remarks & Documents on the Taiwan QuestionPromote cross-Straits ties in line with lawXi stresses cross-Strait peaceful development, urges vigilance against Taiwan independenceNew KMT chairman welcome to visit mainland: spokesperson[ One-China Principle ][ White Papers On the Taiwan Question ][ Anti secession law ][ One Country Two Systems ][ Economic Cooperation Framework Agreement ]Special ReportsThe 7th Straits ForumThe 10th Cross-Strait Economic Trade and Culture ForumTranslation Online:gwytb.gov.cn|Xinhua|PeopleDaily|China Daily|China.org.cn|CNTV.cn|CE.cn|Youth.cn|Tibet.cn|Ecns.cn|GMW.cn|Global Times|Qiushi|ichacha.net|Copyright Taiwan.cn. All Rights ReservedAbout Us|Contact Usdocument.write(unescape(“%3Cscript src=http://cl2.webterren.com/webdig.js?z=12 type=text/javascript%3E%3C/script%3E”));wd_paramtracker(“_wdxid=000000000000000000000000000000000000000000”)
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