China stocks close up after Beijing appoints new securities regulator
Thu, Feb 8, 2024 3:03 PM

China stocks close up after Beijing appoints new securities regulator

A Flip by Shubhangi Gupta
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China's stock markets closed up after appointing a new securities watchdog head and taking measures to stabilize the market. The CSI300 index jumped 5.8% and the Shanghai index advanced 5%, their biggest weekly gains since November 2022. Hong Kong's Hang Seng index lost 1.3% due to a decline in Alibaba. The new appointment signals more attention to the capital market from top leaders.

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