Strengthen the Shanghai Stock Exchange: this is the objective of the Chinese government, which today announced a series of measures to improve the fortunes of the stock market, which is currently at its lowest level in the last three years. There Beijing Securities and Exchange Commission he communicated that he intends encourage institutional investors, including Chinese pension funds, to invest more in the market.
Guo Shuqing, president of the Commission, did not provide other details but added that the Chinese government will implement a similar initiative of persuasion also on foreign investors. China must "vigorously promote the reform and opening up of the stock market and the long-term market“said Guo, whose remarks were well received by the Shanghai Stock Exchange, which rallied 1,53% today.
Meanwhile, in Beijing there is good news on the export front: in December the trade balance grew beyond expectations thanks to the boom in exports, which rose by 13,4%. Imports, on the other hand, grew by 11,8%. The surplus thus marks $16,52 billion, more than double the forecasts of analysts, whose estimate was +7,8 billion.
