China stocks flat, signs of money inflows ease IPO concerns

viernes 3 de abril de 2015 00:25 GYT

* CSI300 flat; SSEC -0.2 pct; Hong Kong shut for holiday

* Regulator approves a new batch of IPOs

* Investors snap up equity funds

By Samuel Shen and Pete Sweeney

SHANGHAI, April 3 (Reuters) - Chinese stocks ended Friday morning almost flat, as signs of strong money inflows erased concerns about liquidity triggered by a coming wave of new shares.

China's securities regulator said late on Thursday it approved 30 initial public offerings (IPOs), which analysts said could lock up as much as 3.7 trillion yuan ($597.13 billion) in subscription funds over the next two weeks.

Although the latest batch of IPOs could have some short-term impact on market liquidity, many think the market's upward trend won't change.

Around one trillion yuan of fresh funds flowed into the stock market in the first quarter of this year, the official Securities Times reported on Friday.

There are signs more money is on the way.   Continuación...