Enter Details

Comment on stories, receive email newsletters & alerts.

This is your permanent identity for Business Insider Australia
Your email must be valid for account activation
Minimum of 8 standard keyboard characters


Email newsletters but will contain a brief summary of our top stories and news alerts.

Forgotten Password

Enter Details

Back to log in

Chinese stocks look set to soar this morning

Aubrey Gemignani/NASA via Getty Images

China’s under-siege stock market looks set for a reprieve this morning with futures markets pointing to hefty gains.

Front-month CSI 300 futures – the 300 largest listed firms in Shanghai and Shenzhen – have risen 8.5% upon the resumption of trade. In recent weeks the index has fallen close to 30%, but is still up more than 70% on a year ago.

Over the weekend brokerages and fund managers vowed to buy massive amounts of stocks, helped by China’s state-backed margin finance company, which in turn would be aided by a direct line of liquidity from the central bank according to a report from Reuters.

Chinese IPO listings, something that has contributed to reduced market liquidity in recent weeks as investors pulled money out of existing stocks to fund new share purchases, have also been temporarily postponed.

The moves so far appear to have worked.

Mainland Chinese stocks begin trading at 11.30am Sydney time.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at