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China introduces measures to revive sinking stock market

China’s securities regulator, the China Securities Regulatory Commission (CSRC), announced on Friday a series of measures aimed at supporting its stock market, which has hit nine-month lows. These include cutting trading costs, advocating share buybacks, promoting long-term investments, advancing equity fund development, and enhancing the appeal of listed companies. However, discussions on reducing stamp duty, which falls under the Ministry of Finance, remained uncertain. In late July, Chinese leaders had committed to bolstering the stock market, which has been under strain due to a sluggish economic recovery and challenges in the property sector. While some investors remain sceptical about the efficacy of these plans, the CSRC emphasised that stabilising the market is crucial to boost investor sentiment.

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