China stocks rise after new guidelines; HK shares drop [Yahoo! Finance]
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Source: Yahoo! Finance
country's capital market as a positive signal for the stock market. Hong Kong shares declined. China's securities regulator issued draft rules on Friday to strengthen the supervision of company listings, delistings and computer-driven programme trading, in a move to improve the stock market and protect investors' interests. UBS strategist Lei Meng believes that the updated policies would fundamentally guide the long-term healthy development of the capital market, improve the quality of listed companies and boost market confidence. ** At the midday break, the Shanghai Composite index was up 1.21% at 3,055.99 points. ** China's blue-chip CSI300 index was up 1.9%, with its financial sector sub-index 1.68% higher, the consumer staples sector rose 2.36%, the real estate index advanced 1.01% and the healthcare sub-index jumped 1.43%. ** Chinese H-shares listed in Hong Kong fell 0.41% to 5,855.59, while the Hang Seng Index was down 0.73% at 16,599.34. ** The smaller Shenzhen index was up
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