Source:
https://scmp.com/business/article/1986699/president-xis-july-1st-speech-and-analysis-followed-helped-boost-china
Business

President Xi’s July 1st speech, and the analysis that followed, helped boost China stocks this week

An apparent commitment to fostering a healthy and stable market has helped to win back investor confidence

An apparent commitment to fostering a healthy and stable market has helped to win back investor confidence

A vague policy statement from China’s securities regulator may have been a catalyst for a 2.9 per cent rally in mainland shares earlier this week.

On Monday, the China Securities Regulatory Commission (CSRC) published a statement saying that senior officials had reached a consensus to align with policies of the current leadership to develop the mainland’s capital market following an analysis of President Xi Jinping’s speech made on July 1.