China to Nurture Stock Rally by Masking Live Foreign Flows Data
- Mainland bourses to stop live feed of foreign stock flow data
- Move is latest step to calm investor nerves as rally returns
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China is set to switch off a live feed of foreign flows for stocks as early as Monday, the latest policy move to shore up confidence by removing a potential source of negative data.
The Shanghai and Shenzhen exchanges plan to cease displaying real-time figures on purchases or sales of local stocks through trading links with Hong Kong. Instead, the two bourses will provide the turnover details on a daily basis, along with the 10 most-traded stocks via the northbound channel.