SHANGHAI Dec 29 China stocks were little
changed on Thursday, with optimism spurred by fading liquidity
stress but investors kept wary by the prospect of regulatory
measures to curb aggressive investment in stocks by insurers.
The blue-chip CSI300 index dipped 0.1 percent, to
3,297.76, while the Shanghai Composite Index lost 0.2
percent to 3,096.10 points.
The market found some solace from progress made to avoid
defaults resulting from a recent bond scandal. Sealand
Securities said on Thursday it had signed agreements with 19
counterparties to resolve the "forged" bond dispute.
But investors stayed cautious following news that the
insurance regulator planned to establish a discriminatory
supervision system that would keep a closer watch on some
unconventional insurance products, in the latest move to rein in
aggressive stock investment.
Sector performance was mixed on the mainland, with gains in
infrastructure stocks offsetting losses in property
(Reporting by Jackie Cai and John Ruwitch; Editing by Simon