Markets

China's Stock Markets Close Down in Morning, With Communications Shares on Top of the Heap

China's Stock Markets Close Down in Morning, With Communications Shares on Top of the Heap

Beset by weak sentiment in the face of the upcoming National Day holiday, investors shied from China's stock market sending…

Sep 22, 2017
Xu Wei
PBOC Decants USD18.5 Billion From Open Market Operation, Extracts USD18.5 Billion Via Maturing Reverse Repos

PBOC Decants USD18.5 Billion From Open Market Operation, Extracts USD18.5 Billion Via Maturing Reverse Repos

China's central bank, the People’s Bank of China (PBOC), injected USD18.5 billion (CNY120 billion) from the financial system via open market operation today, while withdrawing CNY120 billion.

Sep 22, 2017
Xu Wei
China's Stock Markets Open Down, Shows Investors Get Cold Feet Over Forthcoming National Day Holiday

China's Stock Markets Open Down, Shows Investors Get Cold Feet Over Forthcoming National Day Holiday

Weak sentiment continues to dog China's stock markets in the run-up to the National Day holiday which begins Oct. 1, casting a pall over market openings this morning.

Sep 22, 2017
Xu Wei
Yuan-Dollar Central Parity Rate PBOC Sets Recovers Six Points, Ends Three-Day Drop

Yuan-Dollar Central Parity Rate PBOC Sets Recovers Six Points, Ends Three-Day Drop

The central parity rate of the yuan against the dollar turned up six basis points before today’s opening of the interbank market, thereby halting a three-day straight drop.

Sep 22, 2017
Xu Wei
China Minsheng Banking Stock Sale Was Normal Secondary Market Behavior, Fosun Says

China Minsheng Banking Stock Sale Was Normal Secondary Market Behavior, Fosun Says

Fosun International Ltd. [HK:0656] said that its sale of China Minsheng Banking Corp. [SHA:600016; HK:1988] stock was normal secondary market…

Sep 21, 2017
Liao Shumin
Policy of Curbing Coal Prices Stokes Fears That Quell Coking Coal, Coke Futures

Policy of Curbing Coal Prices Stokes Fears That Quell Coking Coal, Coke Futures

Coking coal and coke futures slumped on Thursday over investors’ fears that a new policy the government outed to control recently soaring coal prices.

Sep 21, 2017
Xu Wei
Federal Reserve’s Balance Sheet Shrinking Will Have Similar Effect to Three Interest Rate Hikes, ICBC Economists Say

Federal Reserve’s Balance Sheet Shrinking Will Have Similar Effect to Three Interest Rate Hikes, ICBC Economists Say

The cumulative effect of the Federal Reserve’s planned passive balance sheet shrinking is approximately equal to three interest rate hikes,…

Sep 21, 2017
Liao Shumin
China's Stock Markets Close Down, With GEI Drooping Over 1%

China's Stock Markets Close Down, With GEI Drooping Over 1%

Shanghai’s stock market fell in the afternoon despite a morning rise, sending China's stock markets down for the entire day, with the Growth Enterprise Index(GEI) pared over 1 percent.

Sep 21, 2017
Xu Wei
Shanghai-Based Zai Lab Listed on Nasdaq Expects to Secure USD150 Million via IPO

Shanghai-Based Zai Lab Listed on Nasdaq Expects to Secure USD150 Million via IPO

Shanghai-based innovative biopharmaceutical company, Zai Lab, was officially listed on the US NASDAQ stock market yesterday, under the ticker symbol…

Sep 21, 2017
Zhang Xia
Chinese Battery Maker Upgrades Lithium Carbonate Production Line to Process 5,000 Tons a Year

Chinese Battery Maker Upgrades Lithium Carbonate Production Line to Process 5,000 Tons a Year

Chinese electrical equipment maker Jiangxi Special Electric Motor Co. has finished upgrading its lithium carbonate production line, which will produce 5,000 tons a year once it goes into operation,

Sep 21, 2017
Dou Shicong
PBOC Pours USD9.2 Billion From Open Market Operation, Extracts USD9.2 Billion via Maturing Reverse Repos

PBOC Pours USD9.2 Billion From Open Market Operation, Extracts USD9.2 Billion via Maturing Reverse Repos

China's central bank, the People’s Bank of China (PBOC), injected USD9.2 billion (CNY60 billion) from the financial system via open…

Sep 21, 2017
Xu Wei
Yuan Central Parity Rate Plummets 197 Basis Points Against Dollar to Three-Week Peak

Yuan Central Parity Rate Plummets 197 Basis Points Against Dollar to Three-Week Peak

The central parity rate of the yuan against the US dollar dropped 197 basis points before today’s opening of the interbank market to reach a new high since Sept. 1.

Sep 21, 2017
Xu Wei

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