China Market rebounds from brink of a bear terrain

Mainland China stock market finished the session higher on Thursday, 14 January 2016, after reversing a loss of as much as 2.8%. The bounced back in the domestic bourses largely underpinned after 28 companies (C28 Club) listed on ChiNext small-caps index vowed to take action to stabilize the market and the China Securities Regulatory Commission assured investors that the forthcoming registration system for initial public offerings won't lead to an oversupply of new shares. The Shanghai Composite Index rebounded 1.97%, or 58.05 points, to close at 3007.65. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, gained 65.69 points, or 2.08%, to 3221.57. The Shenzhen Composite Index, which tracks stocks on China's second exchange, grew 3.81%, or 68.19 points, to close at 1859.37. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, shrank 4.09%, or 87.75 points, to close at 2059.78.

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