1. The China Securities Regulatory Commission (CSRC) said Wednesday it will not carry out stock listing reform shortly after March 1, and the reform will instead be gradual and steady. CSRC spokesman Deng Ge made the remarks as some investors anticipated that the forthcoming reform, which is designed to facilitate stock listing, will put downward pressure on the market due to a possible stock supply hike. Last month, the National People's Congress (NPC) Standing Committee, China's top legislature, approved a State Council proposal to shift stock listing from an approval-based mechanism to registration-based one. The NPC decision will take effect on March 1, 2016 and will be valid for two years. This means that the new stock listing mechanism could come as soon as March and as late as February 2018
. 2. Margin financing balance on China's Shanghai and Shenzhen stock exchanges stood at 1.024 trillion yuan on Wednesday, down 18.76 billion yuan from that on Tuesday, marking a decline in nine straight trading days.
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