China stock market

Citic Securities among five of China’s top brokerages under probe amid stock market slump

The crackdown comes amid renewed efforts by Chinese authorities to stem a free fall in stocks. Photo: Reuters

Four of China's brokerages last night announced they were being probed by the regulators for suspected failure to review and verify clients’ identities, while state media reported that Citic Securities was also under regulatory cross hairs.

Wednesday, 26 August, 2015, 10:27am 3 comments

Chinese billionaire ‘sees share investments soar’ since government props up stock markets

Billionaire Liu Yiqian, who is also well known as an art collector. Photo: SCMP Pictures

Chinese billionaire Liu Yiqian has made about 600 million yuan (HK$760 million) in profit on paper investing in three shares since the government announced a raft of measures earlier this month to prop up plunging stock prices, according to a newspaper report.

22 Jul 2015 - 7:13pm

Beijing admits there's market panic as half of all China-listed companies halt trading

Beijing admits there's market panic as half of all China-listed companies halt trading

Beijing's market regulator warns of "panic" as around half of all China-listed companies halt trading to try and stem the losses of a brutal market rout. (Photo: AP) 

8 Jul 2015 - 7:50pm 1 comment

GRAPHIC: Which component stocks of the Hang Seng Index fell the hardest?

GRAPHIC: Which component stocks of the Hang Seng Index fell the hardest?

Hong Kong’s benchmark Hang Seng Index saw its biggest single-day drop since 2008's financial crisis, as investors dumped Chinese shares after a 30 per cent free-fall in mainland stocks raised fears about China’s financial system

12 Jul 2015 - 5:51am

Shanghai’s new listing venue in doubt after Beijing reins in IPOs

CSRC chairman Xiao Gang told a forum in June it wanted to speed up the development of domestic capital markets. Photo: Xinhua

A new fund-raising platform proposed for Shanghai that would have helped technology and fast-growing companies take off looks to be stalled on the runway after Beijing closed the window on domestic flotations at the weekend.

8 Jul 2015 - 4:35pm

China market regulator and central bank expand rescue plan to stop panic selling in equities

Investors sit in front of a screen showing market movements in a stock firm in Hangzhou. Photo: AFP

Chinese authorities expanded their market rescue package to cover smaller counters to stop panic selling as markets in Shanghai and Shenzhen continued to tumble on Wednesday.

8 Jul 2015 - 5:23pm 9 comments

Chinese markets routed as 51pc of A-shares in Shanghai and Shenzhen suspend trading; Hong Kong plunges

The Hang Seng index drops over 2,100 points on Wednesday as a rout in the mainland spilled over into Hong Kong. Photo: Sam Tsang

Mainland Chinese stocks tumbled sharply on Wednesday as sell orders piled up in an increasingly fragile market where an unprecedented 51 per cent of all listed shares are now voluntarily suspended from trade, locking up some US$2.2 trillion of previously tradeable market capitalisation. 

8 Jul 2015 - 11:42pm 28 comments

Pessimism persists among Chinese investors despite government measures to rescue market

Chinese investors study stock prices in a securities firm in Haikou, Hainan province. Photo: Xinhua

Chinese investors remained pessimistic on Monday as stock markets closed lower than expected despite a series of emergency meetings and further government attempts to correct the volatility over the weekend.

"It looks like the government has put great effort into trying to rescue the market, but little has improved," said Rebecca Liu, 38, a company director in Beijing.

6 Jul 2015 - 11:45pm 2 comments

Reality bites as slump in Chinese markets hits listing hopes of New York-traded mainland tech firms

About 20 US-listed companies, including Qihoo 360 Technology have kicked off their campaign for relisting on the mainland market. Photo: Reuters

Beijing suspended initial public offerings over the weekend in apparent attempt to halt the influx of new equity and underpin stocks

7 Jul 2015 - 8:45pm

China’s margin-trading binge more to do with state-owned enterprises than mom and pop

In terms of market capitalisation, households own about 22 per cent of the mainland stock market. Photo: AFP

The trigger for the spectacular sell-off from the speculative frenzy that drove mainland stock markets to seven-year highs is broadly being pinned on China’s 90 million mom and pop retail investors.

6 Jul 2015 - 7:35pm

Why are Chinese equity-raising deals rising despite market chaos?

Conglomerate Fosun International is among the domestic investors who have been participating in the capital raisings, say sources. Photo: AFP

China’s decision over the weekend to curb IPOs followed a splurge of new share offerings that belied expectations of a slowdown as markets went into free fall, wiping nearly US$3 trillion off its stock markets in three weeks.

6 Jul 2015 - 4:00pm

China tech firms that delisted from Wall Street are now stuck

Renren chairman and CEO Joseph Chen on the floor at the New York Stock Exchange, May 4, 2011. Photo: Reuters

Still remember the news? Just a few weeks ago, more than 20 Chinese internet firms listed in the United States were leaving Wall Street via delistings as many of them were dreaming about relisting in China for higher valuations.

5 Jul 2015 - 10:41pm 2 comments

China’s stock exchanges to cut securities transaction fees after sharp fall in markets

Investors watch stock prices at a brokerage house in Beijing. China’s two major stock exchanges will lower securities transaction fees in the wake of a recent market slump. Photo: EPA

The mainland's two major stock exchanges are to lower securities transaction fees following a recent slump on the markets, Xinhua reported last night.

1 Jul 2015 - 11:43pm 1 comment

Were foreign puppet-masters really behind the tanking Chinese stock market?

This is not the first time 'foreign intervention' has been cited as the culprit behind China's economic or social ill-fortune. Photo: AP

As China’s stock markets sank into bear territory again this week, after panicking investors offloaded their holdings, debate raged as to what exactly had prompted the market to fall with all the speed and ferocity of a sharpened guillotine.

1 Jul 2015 - 6:52pm 13 comments

China stocks slide despite easing boost

China stocks slide despite easing boost

China’s interest rate cut over the weekend after the second Friday in a row for stocks, didn’t help calm nerves and investors had one of most volatile trading sessions ever. (Photo: Xinhua) 

30 Jun 2015 - 9:24am