(Yicai Global) Nov. 25 --China Securities Index's Bond Indexes rose by 18.57 percent as of Nov. 18 to hit a five-year apex as 90 convertible bonds worth over CNY220 billion (USD31.3 billion) issued in the first 10 months, with both the numbers and amounts reaching a record high.

Some 377 Chinese stocks listed in Shanghai and Shenzhen had their net asset value per share fall below their asset price as of market closing on Nov. 22. This figure represents 10.1 percent of domestic A-shares. A more than 10 percent ratio suggests the market is bottoming out, analysts said. The proportion was at about 13 percent when the Shanghai Composite Index stood at 998 points in 2005 and hovered around 11 percent when the index was at 1,664 points in 2008.

A record-breaking 17 Shanghai and Shenzhen-listed companies have been delisted for various reasons as of Nov. 18. Some were struck due to lower than par value stock prices. Others fell off the board because they failed to disclose annual earnings results in advance of deadline or as a consequence of mergers and acquisitions.

Chinese regulators said on Nov. 22 that they will intensify their efforts to crack down on virtual currency and exchanges, stressing that all virtual currency marketing and promotion under the Blockchain name are banned.

The Chinese Super League and lower professional leagues should put off signing contracts with domestic players, the Chinese Football Association said in a Nov. 22 statement. The body is standardizing these leagues' payment systems following back-to-back defeats for the national team in Asian qualifying matches for the 2022 FIFA World Cup. Under new regulations, players in the Chinese Super League will be paid up to CNY10 million (USD1.4 million) per year. Salaries for players in China League One will be capped at CNY5 million, while those in China League Two may not exceed CNY3 million.

Editor: Ben Armour