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Market review: January 12, 2016

Fang submitted 2016-01-12 15:31:05

Market review:

A-share market to stay volatile today and closed higher.

Research Notes:

1.PBOC repeatedly intervened in the offshore market and the yuan rose as much as 0.7 percent versus the dollar in HK.

2.NPRC expects China 2015 GDP growth at about 7%, meeting target.

3.China’s insurance regulator may issue a batch of new licenses allowing private equity investment funds to use insurance funds.

Play conservative, with short-term selling into rally.

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