China has introduced a temporary ban for the state-owned companies to sell shares on the stock exchanges
Date: 14:26, 08-07-2015.
Almaty. July 8. Silkroadnews - China has introduced a temporary ban for the state-owned companies to sell shares on the stock exchange, informs the agency TASS.
The decision applies only to firms under the jurisdiction of the central authorities.
The index of the Shanghai Stock Exchange Shanghai Composite fell on Wednesday to 6.97% and reached 3467.4 points. The main indicator of a trading platform in Shenzhen (Shenzhen Component) lost 4.44%, dropping to 10,870.14 points.
The Shanghai Composite Index over the past month fell by more than 33% compared to a peak of 5,178.19 points on June 12. Shenzhen Component fell almost by 40%.
