China state media push stock sales

China’s state media has joined the security industry in promoting the stock market, Bloomberg reported. Xinhua published numerous articles this week advocating equity investing after similar stories appeared in the People’s Daily newspaper and on state-run television last month – part of  an increased government push to bolster the market. Authorities have also cut trading fees, made it cheaper to open new accounts and organized investor presentations. Chinese policy makers are trying to rekindle interest in stocks after the Shanghai Composite Index (SHCOMP) lost US$460 billion (RMB2.8 trillion) of market value in the three years through May.