1. The China Securities Regulatory Commission (CSRC), the top securities regulator, has urged investors not to tradeShanghai and Shenzhen-listed stocks through overseas-registered websites which claim to be able to offer a "T+0" trading service for clients. Pursuant to China's Law of Securities, legal securities trading should be carried out in securities exchanges or other exchanges approved by the State Council, the regulator said on its website Tuesday. The Shanghai and Shenzhen stock exchanges now implement a "T+1" trading mechanism, it said. The CSRC reminded investors to participate in securities trade through lawful brokerage institutions, of which the names can be found on the CSRC's website.
2. As of November 27, the average position level of China's stock-oriented funds had risen to 90.68 percent from 87.02 percent at the end of the third quarter. Shanghai Securities News reported on Wednesday that the average position level of hybrid funds increased to 77.20 percent from 65.50 percent during the period.
3. The Shanghai and Shenzhen stock exchanges recorded 361,500 new investors last week (Nov. 23 - 27), up 0.58percent from the previous week, according to the latest statistics from China Securities Depository and Clearing Co., Ltd. (CSDC). A total of 24.87 million investors participated in the trading of A-shares last week, accounting for 25.68 percent of the total A-share accounts.
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