BEIJING Women's Nike Air Max 95 Pure Platinum Grey UK , Nov. 29 (Xinhua) -- Major Chinese brokerages have pledged that they will continue to actively buy stocks as promised during the market turmoil despite securities watchdog scrapped compulsory net purchase orders on them.
An unnamed executive of Guotai Junan Securities told the China Securities Journal that the company will keep the promise of "not selling the stocks they held as of July 3 and will buy more when the benchmark Shanghai Composite Index (SCI) is below 4,500 points."
"Other brokers also agreed because we made the promises on our own, and the measures were positive in helping the market go through volatile period," the executive was quoted by the newspaper.
The SCI fell 5.48 percent to close at 3,436.3 points Friday Men's Nike Air Max 95 OG White Green UK , the largest decline since Aug. 24.
The China Securities Regulatory Commission (CSRC) scrapped compulsory net purchase orders on securities traders Friday to allow them trade freely on market conditions.
The move is considered a reflection of CSRC's confidence in the stock market that experienced major plunges this summer. The CSRC just resumed IPOs earlier this month.
The CSRC ordered securities traders to buy more stocks than they sold in July during market fluctuations.
Twenty-one major securities brokers convened on July 4 and vowed a string of measures to "firmly" stabilize the country's stock market, including pumping in money to buy stocks and setting up exchange traded funds to track blue chips.
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By Xinhua Writers Xia Lin, Wang Wen
NEW YORK, Aug. 9 (Xinhua) -- U.S. President Donald Trump's administration recently threatened to investigate China's intellectual property and trade policies, for it thinks the United States has been hurt by China in these fields. However, many Americans believe that talks work better than threats.
"Trump got many investigation going on for everything right now. China is a huge trade partner. China can't survive without us Men's Nike Air Max 95 Jacquard Red UK , and we can't survive without China. We need to face that fact," local resident known as Tracy told Xinhua in Los Angeles.
The U.S. administration initially planned to announce on August 4 that it would have its Trade Representative's Office investigate under Section 301 of Trade Act of 1974. It has promised to bring deficits down by imposing tariffs and other non-tariff trade barriers whenever necessary.
The U.S. government postponed the announcement due to comprehensive concerns, especially that the U.S. export might get hurt over a possible trade war with China.
"I think that would be a disaster for the economy for numerous reasons, so that would not be a good idea," said John Men's Nike Air Max 95 Ultra Essential Khaki UK , a local resident in Washington D.C.
"I don't think it is fair to start sanctioning China now. Where is this coming from? And why are we doing it? If it was fair then why none of our other presidents bothered to do it? " Takisha Walter told Xinhua in Chicago.
"Definitely not. Trade war is benefiting nobody. It's so much better if people can negotiate. Even if it's time consuming," said John.
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