1. A total of 1,029 companies listed on China's Shanghai and Shenzhen bourses had guided their financial results for the third quarter of 2015 by Tuesday, of which 615 ones predicted profits, representing some 59 percent of the total, China Securities Journal reported on Wednesday. Among those profit-expecting companies, 491 ones are listed on the Small and Medium-sized Enterprise Board (SME) while 68 ones on the main boards of the Shanghai and Shenzhen stock exchanges. By sector, agricultural, light industrial manufacturing and electric equipment sectors are expected to see improved industrial climate in the third quarter of 2015.
2. The China Securities Regulatory Commission (CSRC), the top securities regulator, is revising the Administrative Rules on Overseas Securities Investment of Qualified Domestic Institutional Investor (QDII) to allow QDIIs to invest on both overseas and home markets, said Li Haichao, a senior official of the CSRC, at a forum on Tuesday. At present, QDIIs are only allowed to make securities investments in overseas markets. Meanwhile, the CSRC is also amending the Administrative Rules on Supervision on Managers of Public Securities Investment Funds in a bid to promote healthy development of investment consulting business of public funds.
3. Shanghai and Shenzhen bourses recorded 281,000 new investors last week (September 14-18), down 5 percent from the previous week, according to statistics published by China Securities Depository and Clearing Co., Ltd. (CSDC) on Tuesday.
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