Shanghai Stock Exchange

Chinese brokerage drops plans for Shanghai IPO in favour of Hong Kong

Hong Kong's stock exchange could benefit from a fresh influx of IPO hopefuls from the mainland. Photo: Reuters

After two years, Central China Securities has scrapped its plans for an initial public offering in Shanghai as the mainland brokerage believes it will be easier and quicker to raise up to US$400 million in Hong Kong.

Tuesday, 11 March, 2014, 12:35am

The Shanghai rubber bubble of 1910 holds a lesson for today

David Harding

When you are reputed to be London's most highly paid hedge fund manager, you can afford to indulge in a few whims. David Harding's whims are a tad unusual, however.

12 Apr 2013 - 5:43am

China Life sees profit slump on investment losses

China Life sees profit slump on investment losses

China Life Insurance, the mainland's biggest insurer, said profit slumped for a second consecutive year, with net income falling 40 per cent to 11.06 billion yuan (HK$13.68 billion), or 0.39 yuan a share.

28 Mar 2013 - 6:31am

Delisting looms for Sinotrans subsidiaries

Zhao Huxiang, Non-executive Director and Chairman of Sinotrans Shipping Limited. Photo: May Tse

Zhao Huxiang said Nanjing Tanker would be suspended from the Shanghai stock exchange this year if it reported a net loss for 2012, which would be its third consecutive negative result.

21 Mar 2013 - 5:20am

Shanghai stocks swing as Xiao Gang takes over top CSRC job

Millions of investors have regarded former CSRC chief Guo Shuqing as a white knight after he implemented reforms that rescued them from heavy losses. Photo: AP

Mainland equity investors initially appeared unimpressed with the appointment of Xiao Gang as the chairman of the China Securities Regulatory Commission. When he took office on Monday, the Shanghai market fell 1.68 per cent. But the market rebounded 0.78 per cent and 2.66 per cent in the next two days.

21 Mar 2013 - 5:34am

Index launch of exchanges' joint venture clears way for derivatives

Bryan Chan, director of China Exchanges Services, says many fund houses and financial firms are interested in the indices. Photo: May Tse

A joint venture of Hong Kong, Shanghai and Shenzhen stock exchanges will launch two new indices today and will this month allow the first batch of financial companies to use the indices for launching derivative products.

18 Mar 2013 - 2:17am

Business Digest, February 7, 2013

Now TV signed its exclusive deal to broadcast English Premier League football matches in Hong Kong for three seasons.

Hong Kong and Shanghai-listed China Cosco Holdings could face a revolt by minority shareholders in China as it risks being delisted from the Shanghai stock exchange when it posts its third net loss in a row. 

7 May 2015 - 3:04pm

Talk of reform fails to convince B-share investors

Despite a strong rally in December and early this month, many investors in Shanghai's B-share market are still carrying large paper losses, after years of decline. Photo: Xinhua

Davis Zhang, a long-term victim of the collapse of the mainland's hard-currency B-share market, dismisses reports that the market regulator plans to bail out investors as more empty promises.

14 Jan 2013 - 7:21am

Shanghai stock exchange orders firms to boost dividends

The Shanghai authorities have been trying hard to breathe life into the stock market, with the latest measure requiring firms to share their profits with investors. Photo: Reuters

The Shanghai Stock Exchange, following in the footsteps of the country's securities regulator, is pushing companies to pay bigger dividends to their shareholders, in the latest effort by the authorities to boost the flagging stock market.

9 Jan 2013 - 4:08am

Beijing mulls plan to boost debt market

The aim is to integrate bond trade on the stock exchanges. Photo: Bloomberg

Beijing is weighing the introduction of a depository receipt system in the country's bond market to direct a part of the debt currently traded on the interbank market to the domestic stock exchanges.

27 Dec 2012 - 1:59am

Monday Face: Michael Diekmann

Allianz chairman Michael Diekmann says he learned valuable lessons running the group's businesses in Asia, the US and Europe. Photo: EPA

As chairman of German financial giant Allianz, Michael Diekmann is constantly on the go around the world, keeping up with the company's 142,000 employees and 78 million customers in 70 countries.

17 Dec 2012 - 5:30am

Allianz keen to list on Shanghai's foreign board

Allianz wants to grow its business in China. Photo: Bloomberg

Global insurer Allianz is among the large number of foreign companies that are lining up to list on Shanghai's proposed international board.

Other companies that have indicated an interest in obtaining a listing on the new board include HSBC, Bank of East Asia, Coca-Cola and the New York Stock Exchange.

17 Dec 2012 - 5:31am

Can Hong Kong be friends with mainland exchanges?

The Shenzhen market is also mulling becoming a shareholding company, paving the way for a listing, observers say. Photo: Bloomberg

The relationship between the Hong Kong stock exchange and its mainland counterparts entered a new chapter this week with a joint venture set up to boost co-operation. But there is a big question mark over whether the three can really become partners.

7 Nov 2012 - 2:05pm

HKEx links up with Shanghai and Shenzhen exchanges

China Exchanges Services chief executive Bryan Chan says the venture will create products for international investors to trade. Photo: May Tse

A joint venture of the stock exchanges of Hong Kong, Shanghai and Shenzhen will launch three indices in the next two months to track cross-border stocks.

China Exchanges Services, the HK$300 million venture equally owned by the Hong Kong Exchanges and Clearing, Shanghai Stock Exchange and Shenzhen Stock Exchange, was officially set up yesterday.

31 Oct 2012 - 2:30am

Hopes of policy supportpush up mainland stocks

Stocks in Shanghai and Hong Kong rose yesterday on investor hopes that Beijing may soon issue stimulus measures to support the mainland's economic growth.

Speculation about new market support intensified yesterday, with traders and analysts expecting Premier Wen Jiabao may announce some policies to encourage more investment and boost domestic consumption.

20 Jul 2012 - 12:00am