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在线翻译:
szdaily -> Business/Markets -> 
At a Glance
    2021-03-05  08:53    Shenzhen Daily

Blue-chip index drops most in over 7 months

CHINESE shares dropped Thursday, with the blue-chip index declining the most in more than seven months, as investors dumped consumer and materials stocks on concerns over high valuations.

The Shanghai Composite Index closed down 2.05 percent at 3,503.49, while the blue-chip CSI300 index dropped 3.15 percent, its biggest one-day drop since January 2020.

Shanghai tightens curbs to cool property market

SHANGHAI instituted tighter regulations on its land market and residential property sector Wednesday, in an effort to stifle speculative buying and contain fast-rising home prices.

The restrictions add to tough rules the city imposed in late January. Shanghai will increase land supply for residential housing projects and cap prices for land auctions to prevent high premiums and irrational land purchases by developers, the Shanghai housing authority said. Government authorities will guide developers to set home prices reasonably and ban housing projects with excessive prices, it said.

Annual coal output capped at 4.1 billion tons

CHINA’S annual coal output will stand at no higher than 4.1 billion tons by the end of the 14th Five-Year Plan period (2021-2025), after it climbed 1.4 percent year on year to 3.9 billion tons in 2020, said a report issued by the China National Coal Association on Wednesday.

The number of coal mines will shrink to about 4,000 by the end of 2025 from about 4,700 at the end of 2020, and of the total, more than 1,000 will be equipped with smart mining technology, the report said.

Foreign holdings of bonds rise for 27th month

FOREIGN investors raised their holdings of Chinese bonds for the 27th month in a row in February despite a narrowing spread between Chinese government bonds and their foreign counterparts.

Overseas investors held a total of 3.15 trillion yuan (US$486.4 billion) of Chinese bonds by the end of February, rising 3.13 percent from a month earlier, data from China Central Depository & Clearing Co. showed. Market transactions were also robust, with trading volumes among foreign investors amounting to 671.8 billion yuan last month. With a strong rebound in the fourth quarter, China’s economy expanded 2.3 percent in 2020, becoming the only major economy in the world to achieve positive growth in the pandemic-ravaged year.

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