Summary
[It is reported that the regulatory authorities are mulling measures to jointly crack down on malicious short-selling institutions]The “Daily Economic News” reporter learned from people familiar with the matter that the relevant departments are mulling measures to crack down on malicious short-selling institutions. On March 16, under the influence of the State Council Finance Committee meeting to study the current situation and the China Banking and Insurance Regulatory Commission holding a special meeting to convey, study and implement the spirit of the State Council Finance Committee meeting, the real estate sector of the mainland and Hong Kong stock markets set off a strong rebound that day. Up 6.8%, the A-share real estate sector rose 3.2%. (Daily Economic News)
The “Daily Economic News” reporter learned from people familiar with the matter that the relevant departments are mulling measures to crack down on malicious short-selling institutions.
On March 16, under the influence of the State Council Finance Committee meeting to study the current situation and the China Banking and Insurance Regulatory Commission holding a special meeting to convey, study and implement the spirit of the State Council Finance Committee meeting, the real estate sector of the mainland and Hong Kong stock markets set off a strong rebound that day. Up 6.8%, the A-share real estate sector rose 3.2%.
As of today’s close, Longfor, Xuhui,Country Garden, Shimao and other mainland housing stocks rose sharply, and Sunac rose from a drop of nearly 20% to a rise of more than 15%. Mainland A-share market,Songdu shares、Xinhua UnitedDaily limit; Hong Kong stocks, CIFI Holdings,Logan Group、China Aoyuanrose more than 20%.
A person familiar with the matter revealed to reporters that they received news that the regulatory authorities are mulling measures to jointly crack down on malicious short sellers and actively listen to the opinions of listed real estate companies to resolve risks.
Previously, Zhang Ming, deputy director of the Institute of Finance of the Chinese Academy of Social Sciences and deputy director of the National Finance and Development Laboratory, pointed out that the background of this round of stock market decline is very complicated. To adjust the risk, it has encountered the combined blow of external geopolitical shock, Sino-US game and malicious short selling by international investors. He clearly suggested that the relevant departments should adopt various measures to stabilize the stock market as soon as possible.
Related reports
The Financial Commission has set the tone of the six markets that are “most concerned”, and many brokerages have interpreted: receiving policy reassurance, the market rebounded as scheduled
(Article source: Daily Economic News)