Shanghai ends 2013 as weakest market in Asia

[CityFarmer]

Shanghai stock's poor performance is due to other factors, rather on economic performances. May be the recent financial market liberalization might make a difference in 2014...

Shanghai ends 2013 as weakest market in Asia

HONG KONG — China may be the world’s fastest-growing major economy, but it can also lay claim to a more dubious superlative: Home of the worst-performing stock market in Asia.

Shanghai’s stock index closed on Tuesday down 6.75 per cent over the year, coming in last among Asian markets in 2013.
...
http://www.todayonline.com/business/shan...arket-asia

[CityFarmer]

I like the policy...

"Any listed companies found guilty of accounting fraud will be made to repurchase all issued shares and compensate investors"

Shanghai Exchange considers launching high-yield, blue-chip board
02 Jan 2014 10:43
[SHANGHAI] The Shanghai Stock Exchange is considering launching a board of high-yielding, blue-chip stocks to help raise the overall quality of firms listed on the bourse as part of a drive to boost its appeal to retail investors in 2014.

Outlining its 2014 work plans, the bourse in a statement late on Wednesday that it will also strengthen its supervision of listed companies to improve timely market disclosure.

Any listed companies found guilty of accounting fraud will be made to repurchase all issued shares and compensate investors, the exchange said.

China has recently adopted a slew of policies aimed at protecting retail investors, such as banning stock exchange listings via the purchase of listed shell firms.

Other measures designed to bolster retail investor confidence including encouraging richer cash dividend payouts; raising penalties for initial public offering applicants who exaggerate earnings forecasts; and setting limits on first-day price rises for new shares.

The Shanghai Composite Index fell 6.7 per cent in 2013 and regulators have only just begun to approve new listings after a year-long freeze aimed at stamping out equity market fraud and restoring faith in domestic markets. - Reuters

Source: Business Times Breaking News