Shares in two big Chinese securities companies up almost a fifth in Hong Kong in a matter of days? Why, it can only be the result of another gnomic pronouncement from the Third Plenum. At the Chinese leadership’s summit last week came the decision to “promote reform towards a registration-based stock-issuing system”. Somebody likes the sound of this, whatever the detail or timetable for reviving mainland initial public offerings, judging by the shares of Citic and Haitong.
为何在短短几天里，在香港上市的两家manbetx3.0 大型证券公司的股价上涨近20%？这只能归功于中共三中全会发布的又一条含糊不清的声明。上周召开的中共三中全会决定“推进股票发行注册制改革”。从中信证券(Citic)和海通证券(Haitong)的股价走势来看，无论内地恢复首次公开发行(IPO)的具体情况或时间表如何，这条声明博得了一些投资者的欢心。
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