China proposes longer trading day, easier buybacks to end stock slump

Regulator also seeks to foster REIT market to stabilize property prices

20230818N Hong Kong exchange

China's securities regulator plans to bolster trading in Hong Kong, a key gateway for foreign investors. © Reuters

NORIYUKI DOI and KENSAKU IHARA, Nikkei staff writers

SHANGHAI/HONG KONG -- China's securities regulator is considering measures to revitalize its capital markets, including extending stock trading hours and easing buyback rules, in a bid to allay investor concern amid a flagging real estate sector. 

A representative from the China Securities Regulatory Commission on Friday released the package of proposals in an interview with Chinese media. One proposal calls for extending the trading day for stocks beyond the current hours of 9:30 a.m. to 3 p.m.

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