Shanghai Shares decline

Source: Xinhua | 2017-02-28

SHANGHAI stocks fell yesterday as investors were digesting messages delivered by the securities regulator over the weekend. 

The Shanghai Composite Index lost 0.76 percent to 3,228.66 points. Liu Shiyu, chairman of the China Securities Regulatory Commission, said on Sunday that the country will focus on stable development of its capital markets this year. But limiting or halting initial share sales to stabilize the market doesn’t “solve the problems of long-term healthy development of capital markets,” Liu added, stirring worries that rising equity supply would siphon liquidity.