China’s stock market is getting another boost after the government said it would allow online trading of the stock market and the real estate market.
The central bank’s announcement Thursday was part of a broader push to bolster the stock exchange, which was already on a “black market” status last year.
The People’s Bank of China said it is planning to expand the online trading to more markets.
“The market’s growth has grown over the past few years, but it still requires a lot of work and effort from participants and operators to operate and maintain the market,” the central bank said in a statement.
The market has grown in size over the years, which is why it has been a problem for regulators.
For instance, in 2014, China opened a stock exchange and real estate markets, but only to foreign buyers and foreign-owned property companies.
The move will make it easier for Chinese investors to buy and sell stock, which are subject to a number of restrictions.
They are limited to just 10% of the market cap, and their trades must be approved by the regulator.
They cannot be linked to foreign exchanges, such as the Shanghai Stock Exchange.