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China regulators plan European investor meet to revive stocks, Bloomberg reports
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China regulators plan European investor meet to revive stocks, Bloomberg reports
May 20, 2024 2:19 AM

May 20 (Reuters) - China's markets regulators are

planning a meet with investors in Europe this week to revive

their interest in the world's second-biggest stock market,

Bloomberg News reported on Monday, citing unidentified people

familiar with the matter.

Fang Xinghai, vice chairman of the China Securities

Regulatory Commission (CSRC), would speak with investors in

Paris on Wednesday and London on Thursday at meetings where

senior officials from the People's Bank of China, National

Financial Regulatory Administration and State Administration of

Foreign Exchange are also expected to speak, the report said.

Executives from 15 Chinese-listed companies, including China

United Network Communications Ltd, CMOC Group Ltd

and Ganfeng Lithium Group Co are also

join the meetings, the report added.

The Shanghai and Shenzhen stock exchanges are hosting the

meetings, according to the Bloomberg report. The Shenzhen

exchange didn't immediately respond to a Reuters request for

comment while the Shanghai exchange could not be immediately

reached.

The push to shore up interest in the country's stock market

comes amid CSRC'S moves last month to raise the bar for initial

public offerings (IPOs), force unqualified companies to delist,

and strengthen the oversight of high-frequency trading which was

aimed at improving the stock market and protecting investors'

interests.

The country's blue-chip index, has rebounded from

five-year lows hit in February.

($1 = 7.2315 Chinese yuan renminbi)

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