Markets

Shanghai Composite Index Crashes Below Critical Level at Market Open

Shanghai Composite Index Crashes Below Critical Level at Market Open

China’s stock markets opened mixed in morning trading today. The benchmark Shanghai Composite Index slipped below the psychologically important 3,300…

Dec 6, 2017
Tang Shihua
PBOC Nips Yuan-Dollar Parity Rate Again, Marking Eight Straight Days of Cuts

PBOC Nips Yuan-Dollar Parity Rate Again, Marking Eight Straight Days of Cuts

China’s central bank, the People’s Bank of China (PBOC), cut the yuan-dollar central parity rate for the eighth straight trading…

Dec 6, 2017
Tang Shihua
Wang Jianlin Ups the Game Nine Months Ahead of Wanda Commercial’s Planned Listing in A-Share Market, Says Report

Wang Jianlin Ups the Game Nine Months Ahead of Wanda Commercial’s Planned Listing in A-Share Market, Says Report

The share price of Wanda Hotel Development Co. [HKG:0169], a subsidiary of Wang Jianlin’s Dalian Wanda Group Co., has surged…

Dec 5, 2017
Liao Shumin
Midea Remains 'Favorite' of Foreign Investors as Shenzhen-Hong Kong Stock Connect Marks First Anniversary

Midea Remains 'Favorite' of Foreign Investors as Shenzhen-Hong Kong Stock Connect Marks First Anniversary

Today marks the first anniversary of the opening of the Shenzhen-Hong Kong Stock Connect program. It has made considerable impact…

Dec 5, 2017
Dou Shicong
China’s Top Financial Regulators Step Up Their Efforts for Creation of London-Shanghai Stock Connect

China’s Top Financial Regulators Step Up Their Efforts for Creation of London-Shanghai Stock Connect

With the acceleration and progress of ‘interconnection and interworking’ mechanisms and the successive openings of the Shanghai-Hong Kong Stock Connect…

Dec 5, 2017
Xu Wei
Hebei Construction Group Plans to Raise USD350 Million in Hong Kong IPO Next Week

Hebei Construction Group Plans to Raise USD350 Million in Hong Kong IPO Next Week

China's second-largest private construction contractor Hebei Construction Group Co. will list on the Hong Kong stock market on Dec. 15, raising up to HKD2.32 billion (USD350.6 million).

Dec 5, 2017
Dou Shicong
Financial Firms Stand Strong as Waning Investor Confidence Hits China’s Stock Markets Hard

Financial Firms Stand Strong as Waning Investor Confidence Hits China’s Stock Markets Hard

China’s stock markets extended losses this afternoon, with the Shenzhen Composite Index and Growth Enterprises Index sliding to three-month lows.

Dec 5, 2017
Tang Shihua
Over 100 Chinese A-Share IPO Applicants Have Asked to End Their Reviews This Year

Over 100 Chinese A-Share IPO Applicants Have Asked to End Their Reviews This Year

The number of Chinese A-share initial public offering (IPO) applicants applying for terminations of review of their applications has jumped since the start of the year.

Dec 5, 2017
Dou Shicong
Investors Will Put USD1.9 Billion Into Aluminum Corporation of China Units via Debt-to-Equity Swaps

Investors Will Put USD1.9 Billion Into Aluminum Corporation of China Units via Debt-to-Equity Swaps

Aluminum Corporation of China Ltd. [SHA:60160] (Chalco) will introduce eight investors to pump USD1.9 billion (CNY12.6 billion) into its four…

Dec 5, 2017
Dou Shicong
China's Stock Markets Closed Mixed This Morning, Small Caps Feel the Heat

China's Stock Markets Closed Mixed This Morning, Small Caps Feel the Heat

China’s stock markets were mixed at the morning close today, with the Growth Enterprise Index, which mostly comprises small-cap companies,…

Dec 5, 2017
Tang Shihua
CSRC Cracks Down on Market Listing Applications from Firms Violating Laws

CSRC Cracks Down on Market Listing Applications from Firms Violating Laws

The China Securities Regulatory Commission (CSRC) will refuse listings applications from companies that do not meet issuance criteria and crack…

Dec 5, 2017
Liao Shumin
PBOC Skips Open Market Operations for Third Straight Day, Withdraws USD25.7 Million From Banking System

PBOC Skips Open Market Operations for Third Straight Day, Withdraws USD25.7 Million From Banking System

China's central bank, the People’s Bank of China (PBOC), pulled CNY170 billion (USD25.72 billion) of cash out of its banking system by allowing reverse repos to mature without injecting new money.

Dec 5, 2017
Tang Shihua

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