China stocks rise after new capital market guidelines; HK shares drop [Yahoo! Finance]
LENOVO GROUP LTD S/ADR (LNVGY)
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Source: Yahoo! Finance
Monday as investors interpreted the new guidelines on the 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 close, the Shanghai Composite index was up 1.26% at 3,057.38. ** The blue-chip CSI300 index was up 2.11%, with its financial sector sub-index higher by 1.86%, the consumer staples sector up 2.77%, the real estate index up 0.21% and the healthcare sub-index up 1.08%. ** The smaller Shenzhen index ended down 0.29% and the start-up board ChiNext Composite index was higher by 1.852%. ** Arou
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