Time

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">China’s securities regulator <a aria-label="took measures (opens in a new tab)" href="https://www.wsj.com/finance/stocks/chinese-stocks-rally-after-beijing-moves-to-boost-market-5bf859b4?mod=latest_headlines" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">took unprecedented measures</a> on Sunday to shore up its financial markets, leading to a strong market open on Monday. However, issues troubling the economy, such as the <a href="https://tokenist.com/chinas-biggest-property-developer-expects-to-post-7-6b-loss-for-h1-2023/" rel="dofollow" class="deco-link">declining real estate sector</a>, persist and will likely not be resolved by such stop-gap measures.&nbsp;</p> 
<h3 id="china-cuts-stamp-duty-fees-for-the-first-time-since-2008-crisis">China Cuts Stamp Duty Fees for the First Time Since 2008 Crisis</h3> 
<p><a href="https://tokenist.com/foreign-investors-sold-9-8b-of-chinese-stocks-this-month/" rel="dofollow" class="deco-link">Chinese stocks</a> recovered sharply on Monday after the government implemented several measures to revive its battered capital markets from the ongoing property and economic crisis.</p> 
<p>Notably, the country’s Ministry of Finance said on Sunday it would cut stamp duty on security trading in half, to 0.05%, to stimulate investors and raise market confidence. The move represented the <a href="https://tokenist.com/china-to-cut-stocks-stamp-duty-for-first-time-since-2008-as-market-hits-9-month-low/" rel="dofollow" class="deco-link">first stamp-duty cut</a> in China since the 2008 global recession.</p> 
<p>China’s securities regulator also said it intended to adopt steps to limit new public listings, a decision meant to balance out supply and demand levels. Furthermore, the financial watchdog also said it would block controlling shareholders from selling stock in publicly listed companies that have not paid dividends in the last three years. This applies to stocks trading below their initial public offering (IPO) or net asset values.</p> 
<p>China’s benchmark stock market index, CSI 300, was trading 1.17% higher when writing, putting it on track for its most substantial 1-day gain since November 2022. Meanwhile, Hong Kong’s Hang Seng Index was up roughly 1%.&nbsp;</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow">Telegram group</a>&nbsp;and never miss a breaking digital asset story.</p> 
 </div> 
</div> 
<h3 id="china-s-key-economic-challenges-persist">China’s Key Economic Challenges Persist</h3> 
<p>While China’s stock market staged a notable recovery at the start of the week, key issues troubling the world’s second-largest economy remain.&nbsp;</p> 
<p>Earlier in the month, China released significantly worrying economic data, showcasing a notable drop in consumer and business spending, adding to the potential threat of deflation. In addition, the nation’s <a href="https://tradingeconomics.com/china/retail-sales-annual" target="_blank" aria-label="retail sales (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">retail sales</a> and industrial production data missed estimates in July.</p> 
<p>In the meantime, investment in China’s real estate continues to drop amid several challenges in the sector, including a severe debt crisis. The country’s largest property developer, Evergrande, <a aria-label="filed for bankruptcy (opens in a new tab)" href="https://www.bbc.com/news/business-66540785" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">filed for bankruptcy</a> on August 17 after debts accumulated to an estimated $300 billion.&nbsp;</p> 
<p>In contrast to other major Chinese stocks, the real estate giant’s stock plummeted nearly 80% on Monday, its first trading day following a 17-month ban. Notably, Evergrande’s shares initially opened 87% lower before ending the session 78% lower at 0.35 Hong Kong dollars.&nbsp;</p> 
<div class="cta-sub js__cta-sub"> 
 <div class="cta-sub__start" data-step="1"> 
  <div class="cta-sub__title">
   <strong>Finance is changing.</strong>
  </div> 
  <div class="cta-sub__subtitle">
   Learn how, with Five Minute Finance.
  </div> 
  <div class="cta-sub__excerpt">
   A weekly newsletter that covers the big trends in FinTech and Decentralized Finance.
  </div> <button type="button" class="btn">Try it out (for free)</button> 
 </div> 
 <div class="cta-sub__form" data-step="2" style="display: none;"> 
  <script type="text/javascript" src="https://app.getresponse.com/view_webform_v2.js?u=QcLhh&amp;webforms_id=zw3Wv"></script> 
 </div> 
 <div class="cta-sub__result" data-step="3" style="display: none;"> 
  <div class="cta-sub__title">
   Awesome
  </div> 
  <div class="cta-sub__caption">
   You’ve subscribed.
  </div> 
  <div class="cta-sub__greeting">
   You’re well on your way to being in the know.
  </div> 
 </div> 
</div> 
<p><em><strong>Do you think China will manage to resolve the current economic issues swiftly? Let us know in the comments below.&nbsp;</strong></em></p> 
<p>The post <a rel="nofollow" href="https://tokenist.com/china-makes-its-stock-market-more-lucrative-for-investors-with-new-rules/">China Makes its Stock Market More Lucrative for Investors with New Rules</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

China Makes its Stock Market More Lucrative for Investors with New Rules

Table of Contents

Tokenist

Other articles published on Aug 28, 2023

PEPE Confirms Former Team Members Stole 16 Trillion Tokens from Multisig Wallet

Shiba Inu: Shibarium Reaches First Major Milestone

Ripple Holds Payment Licenses in 31 US States – Community Reacts

Pepe Coin vs. Shiba Memu: Whose Price Predictions are Hopping Higher in 2023?

Supra Introduces a Cross-chain Bridgeless Technology — HyperNova — that Enables Secure Blockchain...

What is the Sequence of Errors Behind Prime Trust’s Bankruptcy Declaration?

Join our free newsletter for daily crypto updates!