On October 28, the People's Bank of China for the first time in nine years raised the one-year benchmark deposit and lending rates,both by 27 basis points. For some, the move indicated that homebuyers' purchas...On October 28, the People's Bank of China for the first time in nine years raised the one-year benchmark deposit and lending rates,both by 27 basis points. For some, the move indicated that homebuyers' purchasing power would be dented since they would have to pay more interest for mortgage loans.展开更多
In a move to protect the interests of stock investors, the China Securities Regulatory Commission has published a draft rule, stipulating that listed companies should win a 50 percent vote from holders of tradable sha...In a move to protect the interests of stock investors, the China Securities Regulatory Commission has published a draft rule, stipulating that listed companies should win a 50 percent vote from holders of tradable shares before they sell additional shares and convertible bonds or seek overseas listing.展开更多
China's stock market is expected to brace for its first new share offering in February since August 2004. Zhejiang Glass Go Ltd, the first privately owned firm based on the Chinese mainland to list in Hong Kong, s...China's stock market is expected to brace for its first new share offering in February since August 2004. Zhejiang Glass Go Ltd, the first privately owned firm based on the Chinese mainland to list in Hong Kong, said in lanuary that it would soon float RMB denominated A shares to fund its expansion. The mainland's third largest glass maker in terms of output did not disclose the size of its offering.展开更多
D'Long International Strategic Investment Co has recently stolen the limelight in China's securities industry, In mid-April, shares of three listed companies controlled by D'Long - iorcn Automobile Group C...D'Long International Strategic Investment Co has recently stolen the limelight in China's securities industry, In mid-April, shares of three listed companies controlled by D'Long - iorcn Automobile Group Co,Shenyang Hejin Holding Co and Xinjiang Tunhe Investment Co - continued to plunge by the Io percent daily trading cap, fueling investor fears that the central government's tightening monetary policy was battering the cash-rich company. Some analysts even embraced the nosedive of the three stocks, citing the downturn as a complete break with the past.展开更多
Since zoo3, ten leading managers of the country's listed companies have disappeared and billions of yuan have evaporated. Among them, Aikelamu Aishayoufu, former chairman of Xinjiang Hops, China's largest
China's capital markets have been given a high profile recently, with central government making clear it intends to take efficient measures to further integrate them into the national economy.
China's securities watchdog has finally given a clear-cut sign that the country will set up its own secondboard market. Analysts believe the long-awaited Nasdaq-style board will power the economy, as more prospect...China's securities watchdog has finally given a clear-cut sign that the country will set up its own secondboard market. Analysts believe the long-awaited Nasdaq-style board will power the economy, as more prospective hightechnology startups enjoy widened access to capital. Tu Guangshao, vice chairman of the China Securities Regulatory Commission, said the government would take two steps to create the technology-laden market in a move to "diversify the functions of the two stock exchanges on the Chinese mainland."展开更多
China unveiled a unified stock index to track both markets in Shanghai and Shenzhen in April, a move likely to open a floodgate for more trading derivatives such as index futures. The new index, with 300 component com...China unveiled a unified stock index to track both markets in Shanghai and Shenzhen in April, a move likely to open a floodgate for more trading derivatives such as index futures. The new index, with 300 component companies traded on Shanghai and Shenzhen stock exchanges, will be the first of its kind on the mainland. The index members will be the largest 300 stocks - 180 from Shanghai and 120 from Shenzhen - in terms of market capitalization,展开更多
On January 23, the Ministry of Finance announced it would slash taxes imposed on shares trading to 0.1 percent from 0.2 percent in an apparent move to encourage buying. To the amazement of the regulators, the rally on...On January 23, the Ministry of Finance announced it would slash taxes imposed on shares trading to 0.1 percent from 0.2 percent in an apparent move to encourage buying. To the amazement of the regulators, the rally on the news of the incentive was shortlived. The indexes climbed for only one day on January 24 and have since retreated, battered by fears of more new share sales that will drain out the market liquidity.展开更多
文摘On October 28, the People's Bank of China for the first time in nine years raised the one-year benchmark deposit and lending rates,both by 27 basis points. For some, the move indicated that homebuyers' purchasing power would be dented since they would have to pay more interest for mortgage loans.
文摘In a move to protect the interests of stock investors, the China Securities Regulatory Commission has published a draft rule, stipulating that listed companies should win a 50 percent vote from holders of tradable shares before they sell additional shares and convertible bonds or seek overseas listing.
文摘China's stock market is expected to brace for its first new share offering in February since August 2004. Zhejiang Glass Go Ltd, the first privately owned firm based on the Chinese mainland to list in Hong Kong, said in lanuary that it would soon float RMB denominated A shares to fund its expansion. The mainland's third largest glass maker in terms of output did not disclose the size of its offering.
文摘D'Long International Strategic Investment Co has recently stolen the limelight in China's securities industry, In mid-April, shares of three listed companies controlled by D'Long - iorcn Automobile Group Co,Shenyang Hejin Holding Co and Xinjiang Tunhe Investment Co - continued to plunge by the Io percent daily trading cap, fueling investor fears that the central government's tightening monetary policy was battering the cash-rich company. Some analysts even embraced the nosedive of the three stocks, citing the downturn as a complete break with the past.
文摘Since zoo3, ten leading managers of the country's listed companies have disappeared and billions of yuan have evaporated. Among them, Aikelamu Aishayoufu, former chairman of Xinjiang Hops, China's largest
文摘China's capital markets have been given a high profile recently, with central government making clear it intends to take efficient measures to further integrate them into the national economy.
文摘China's securities watchdog has finally given a clear-cut sign that the country will set up its own secondboard market. Analysts believe the long-awaited Nasdaq-style board will power the economy, as more prospective hightechnology startups enjoy widened access to capital. Tu Guangshao, vice chairman of the China Securities Regulatory Commission, said the government would take two steps to create the technology-laden market in a move to "diversify the functions of the two stock exchanges on the Chinese mainland."
文摘China unveiled a unified stock index to track both markets in Shanghai and Shenzhen in April, a move likely to open a floodgate for more trading derivatives such as index futures. The new index, with 300 component companies traded on Shanghai and Shenzhen stock exchanges, will be the first of its kind on the mainland. The index members will be the largest 300 stocks - 180 from Shanghai and 120 from Shenzhen - in terms of market capitalization,
文摘On January 23, the Ministry of Finance announced it would slash taxes imposed on shares trading to 0.1 percent from 0.2 percent in an apparent move to encourage buying. To the amazement of the regulators, the rally on the news of the incentive was shortlived. The indexes climbed for only one day on January 24 and have since retreated, battered by fears of more new share sales that will drain out the market liquidity.
