May 20 (Reuters) – China’s markets regulators are planning a meet with investors in Europe this week to revive their interest in the world’s second-biggest stock market, Bloomberg News reported on Monday, citing unidentified people familiar with the matter.
Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), would speak with investors in Paris on Wednesday and London on Thursday at meetings where senior officials from the People’s Bank of China, National Financial Regulatory Administration and State Administration of Foreign Exchange are also expected to speak, the report said.
Executives from 15 Chinese-listed companies, including China United Network Communications Ltd
, CMOC Group Ltd
and Ganfeng Lithium Group Co
are also join the meetings, the report added.
The Shanghai and Shenzhen stock exchanges are hosting the meetings, according to the Bloomberg report. The Shenzhen exchange didn’t immediately respond to a Reuters request for comment while the Shanghai exchange could not be immediately reached.
The push to shore up interest in the country’s stock market comes amid CSRC’S moves last month to raise the bar for initial public offerings (IPOs), force unqualified companies to delist, and strengthen the oversight of high-frequency trading which was aimed at improving the stock market and protecting investors’ interests.
The country’s blue-chip index
, has rebounded from five-year lows hit in February.
($1 = 7.2315 Chinese yuan renminbi)
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Reporting by Kanjyik Ghosh in Bengaluru; Editing by Christian Schmollinger
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