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CSRC won’t rescue China’s stock market

Mikio Katayama, president of Sharp Corp., speaks during a news conference in Tokyo, Japan yesterday. Sharp Corp. plans to increase the number of mobil...
An investor looks at stock quotes at a securities trading firm in Shanghai, China yesterday. China's stocks dropped, led by commodity producers, after...
Confronting China on trade

Sharp expands in China

Mikio Katayama, president of Sharp Corp., speaks during a news conference in Tokyo, Japan yesterday. Sharp Corp. plans to increase the number of mobil...

An investor looks at stock quotes at a securities trading firm in Shanghai, China yesterday. China's stocks dropped, led by commodity producers, after...

Confronting China on trade

The Securities Times cited Chairman Guo Shuqing as saying that the China Securities Regulatory Commission isn’t coming up with plans to rescue the country’s stock market.


“The concept of rescuing the stock market does not exist,” Guo said in response to questions from reporters on Dec. 30, according to the Securities Times. “The market has its own operating rules. We should have confidence in the market.”


Guo declared that one of the largest financial challenges facing China is how to guide more savings toward enterprises that urgently need money for development in agriculture, education, and technological innovation, according to the report.


Updated : 2021-01-20 13:47 GMT+08:00