Stability in Chinese equities improving - BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at BBh noted that China will lift a freeze on IPOs by the end of the year.

    Key Quotes:

    "This suggests that confidence in the equity market rebound, or at least stability, is improving. IPOs were suspended back in July. China Securities Regulatory Commission official said new IPOs will resume after improvements are made to the listing system."

    "Since the announcement was made after China markets were closed, we will have to wait untilMonday to see how they absorb the possibility of added supply. Before the news, they had built on recent gains, with the Shanghai Composite up 1.9% and the Shenzen Composite up 2.8%."
    For more information, read our latest forex news.

Share This Page

free forex signals