China Stocks Slip as Absence of Policy Measures Adds to Worries | Fintech Zoom – World Finance

(Bloomberg) — Chinese equities fell on Monday as traders remained concerned about whether there would be adequate policy support to spur growth after lenders left borrowing costs unchanged.

Most Read from Bloomberg

The CSI 300 Index closed down 0.2% after falling as much as 1%. Rate-sensitive financial firms and property developers weighed on the market. The Hang Seng China Enterprises Index, which tracks Chinese companies listed in Hong Kong, dropped 1.7%, reversing an earlier advance of 2.2%.

Traders were disappointed after Chinese lenders left the loan prime rate unchanged on Monday and sought signs of other policies that may help sustain a recent rally. Speculation of more easing increased after a top financial committee led by Vice Premier Liu He on March 16 vowed to make monetary policy more “proactive” in order to boost the economy and stabilize financial markets.

“Some may have clung on to expectations for an LPR cut today, which I think will come later when they assess…