China to switch off real-time info on foreign flows in stocks today, avert poor sentiment

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

• The two bourses will provide the turnover details on a daily basis, along with the 10 most-traded stocks via the northbound channel
• The policy move is aimed at supporting confidence by removing a potential source of negative data.
• Chinese authorities said this aligned with international practices.

This comes as no surprise, it was announced as being in the works in mid-April.

News of the move coming hit on April 15 and it does not seem to have done Chinese stocks any harm.

This article was written by Eamonn Sheridan at www.forexlive.com.