CHINA-LEADERSHIP: CHINESE PRESIDENT XI JINPING VISITED SHANGHAI STOCK EXCHANGE
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It was reported on October 23 that in order to implement the resolution of the CCP CC Politburo
to "activate the capital market and boost investor confidence," CCP CC General Secretary Xi
Jinping personally arrived at the Shanghai Stock Exchange and stated that A-shares are stable
and improving, and there is no need for bailout policies. At the same time, a basket of policies
for the leek market was announced: halving the tax on trading, issuing dividends, encouraging
listed companies to grow, restricting major shareholders from harvesting and other boosting
policies.
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