Chinese Mainland Stocks Open up After CSRC Pep Talk
Tang Shihua
DATE:  Jun 03 2019
/ SOURCE:  yicai

(Yicai Global) June 3 -- Stocks opened higher today on markets of China's mainland as recent comments by the regulator breathed confidence into the market.
 

The Shanghai Composite Index opened 0.11 percent higher, while the Shenzhen Component Index was up 0.34 percent. The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, started the day 0.39 percent stronger.
 

China is "fully confident" of wielding sufficient policy tools to stabilize the capital market, said Yi Huiman, the head of China's securities watchdog the China Securities Regulatory Commission.
 

Tit-for-tat trade frictions are indeed weighing on China's capital market to some degree, but the risks remain under control, Yi noted in an interview with China Central Television yesterday.


Editor: Ben Armour 

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Keywords:   Stock Market,Shanghai Composite Index,Shenzhen Component Index,ChiNext Price Index