More than 360 Chinese firms have resumed trading Monday as the country’s equities market showed signs of stability after a bout of selloffs in recent weeks, according to China Daily.
But another 1,045, or 40% of the listed firms in Shanghai and Shenzhen bourses were still suspended as of yesterday, the report said.
During the market rout that began middle of last month, more than 1,400 firms suspended the trading of their shares to keep them from the downward spiral that bedeviled the market. Others opted to help the government restore confidence and arrest the downturn by buying back their own shares.
Chinese stocks rose for a third consecutive day Monday after a series of measures launched by the government in recent weeks to stabilize the market.
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