Ｍａｒｋｅｔ　Ｗａｔｃｈ

TO THE POINT: The mainland securities watchdog took on the taskof rejuvenating the nation's stumbling stock markets with further en-deavors. It approved two new qualified foreign institutional investorsto invest in the mainland financial markets. The Ministry of Commercemade a clear statement that foreign-invested companies can be listedon the mainland. Hot money continues to flow into the country, ad-ding pressure to liquidity control. To date, most listed companies hadissued their first quarter reports, showing profit growth rate slowdown.The oil giants Sinopec and PetroChina suffered from profit slump, dueto policy reasons.

By LIU YUNYUN