BEIJING\/SHANGHAI, Jan 16 (Reuters) – China’s securities regulator vowed to step up market monitoring and crack down on excessive speculation, as the country’s benchmark stock index hovered near a decade high with record turnover this week.<\/p>\n
\n The statement came after Chinese bourses said on Wednesday that they would raise the minimum margin requirement for new borrowings to 100% from 80%, effective January 19, a move approved by the regulator and aimed at cooling the red-hot market. <\/p>\n
\n The Shanghai Composite Index has gained 6% over the past month.<\/p>\n
\n The China Securities Regulatory Commission said in a statement it would carry out timely counter-cyclical adjustments and strengthen supervision over trading activities and information disclosure.<\/p>\n
\n The regulator also said it will crack down on illegal activities such as excessive speculation and market manipulation, aiming to sustain the market’s positive momentum. <\/p>\n
\n Recent weeks have seen hectic trading in sectors such as artificial intelligence, aerospace and robotics, prompting risk warnings from listed firms. <\/p>\n
\n Onshore share turnover hit nearly 4 trillion yuan on Wednesday, the highest on record.<\/p>\n
\n (Reporting by Yukun Zhang and Ryan Woo in Beijing, and Li Gu in Shanghai; Editing by Jacqueline Wong, Elaine Hardcastle)<\/p>\n","protected":false},"excerpt":{"rendered":"BEIJING\/SHANGHAI, Jan 16 (Reuters) – China’s securities regulator vowed to step up market monitoring and crack down on…\n","protected":false},"author":2,"featured_media":287424,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[79,179,18,19,17,188],"class_list":{"0":"post-287423","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-eire","11":"tag-ie","12":"tag-ireland","13":"tag-markets"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115904489970626949","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/287423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=287423"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/287423\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/287424"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=287423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=287423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=287423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}