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Chinese small-cap stocks experienced a significant selloff following government pledges for stricter market oversight, leading to fears of delisting weak companies. The CSI 2000 Index fell by 6.6%, with over 5,000 stocks closing down. However, the market rebounded slightly after regulators assured investors that only a limited number of companies would be affected by the new policies.
Chinese regulator plays down delisting risks after small-cap sell-off - Reuters https://t.co/u1jXXxhD9j
A plunge in Chinese small-cap stocks was triggered by new regulatory guidelines that tightened oversight of listed companies and dampened investor enthusiasm for the shares, industry insiders said. https://t.co/o7X4rWMBI9
Chinese A-share rallied on Wed, Shanghai Composite up 2.1%. Small-cap stocks surged after regulator refuted rumors that revised delisting rules target small-cap stocks. Bank of China, Agricultural Bank of China hit new highs. https://t.co/haGgRmRP6L https://t.co/gr2bJzSRFF