China stocks set to end week flat amid regulation, economy woes

Peace and Freedom

Reuters

Fri May 19, 2017 | 1:08am EDT

The Chinese flag flies with the Pudong skyline in the background

* SSEC -0.1 pct, CSI300 flat, HSI 0.3 pct

* China’s rebound triggered by market-soothing remarks fades

* Tencent poised to close at record high

SHANGHAI, May 19 China stocks were little changed on Friday and poised to end the week flat as a rebound triggered by policy gestures to ease liquidity concerns faded amid lingering worries over tighter regulation and economic growth.

The blue-chip CSI300 index was unchanged at 3,399.47 points by mid-day break, while the Shanghai Composite Index lost 0.1 percent to 3,088.46.

The market had posted five consecutive weeks of declines on concerns over Beijing’s stepped-up campaign against shadow banking and that efforts to de-leverage could sap liquidity and hurt the economy.

Although market-friendly rhetoric from government officials last weekend helped drive an early-week rebound, sentiment turned bearish again.

“Market sentiment remains fragile,” said Yang Hai, strategist at Kaiyuan…

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