Combined turnover of the two bourses shrank to 950.8 billion yuan ($155.5 billion) from 1.1 trillion yuan theprevious trading day.
China's stock market rebounded by nearly 6 per cent today after the government took steps to try to calm down bourses, including roping in the police to probe the precipitous crash that saw Chinese investors losing USD
3.2 trillion in three weeks of mayhem.
After a precipitous fall for weeks, the benchmarkShanghai Composite Index jumped 5.76% today, the biggest daily rise in six years, to finish at 3,709.33 points.
The Shenzhen Component Index surged 4.25% to close at 11,510.34 points.
Combined turnover of the two bourses shrank to 950.8 billion yuan ($155.5 billion) from 1.1 trillion yuan theprevious trading day.
Chinese police joined the securities regulator to probe clues related to "malicious short selling" amid recent chaos in the stock market, state-run Xinhua news agency reported.
Amid growing criticism over the sharp fall diluting an unprecedented over $3.2 trillion worth of capital from the market, Vice Minister of Public Security Meng Qingfeng led a team and visited the head office of China Securities Regulatory Commission (CSRC) warning severe punishment for the violators of laws and regulations.
The CSRC announced that China Securities Finance Corporation Limited (CSF), the national margin trading service provider, will provide liquidity to apply for the purchase of a public offering fund.
The CSF is the only institution to provide margin financing loans to securities companies.
It has offered 260 billion yuan ( $42 billion ) of stock-secured credit for 21 brokerage firms to conductself-run share purchasing on the market.
The banking regulator, China Banking Regulatory Commission, today announced it will allow banks to extend mortgage loans that use share funds as collateral.
Banks will now be able to discuss redefining mortgage terms of share-secured loans that are due or adjusting collateral with their clients.
Before this, the stock market, however, maintained a slumping trajectory.
The central bank assured steady stock market and ensuring that no systematic and regional financial risks will occur, providing support for the CSF to get sufficient liquidity.
The insurance regulator yesterday eased rules for insurers to invest in blue-chips.
The state asset regulator asked central state-owned enterprises (SOE) not to sell shares amid market volatility. The Ministry of Finance vowed not to sell shares of listed companies amid "abnormal volatility" of stock market.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}