From Global Times: 2024-04-15 10:50:00

Chinese equities surged more than 1% on Monday after the State Council issued a new nine-point guideline to strengthen supervision and promote development in the capital market. The move aims to stabilize the market amid global geopolitical tensions. The Shanghai Composite Index closed at 3,057.38 points with a daily turnover of nearly $138 billion. In contrast, Asian markets like Japan’s Nikkei and Australia’s S&P/ASX 200 fell on Monday. The guideline is seen as a significant step to boost long-term investor confidence and build a transparent and resilient capital market. Analysts believe this new document marks a shift towards stricter regulation and supervision in order to address underlying issues and promote high-quality market development. Despite challenges in rebuilding investor confidence, the guideline is expected to pave the way for the recovery and eventual bull run of Chinese stocks.



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