https://www.scmp.com/rss/521866/feed Shenwan Hongyuan Group is a Chinese state-owned financial services group, headquartered in Urumqi, China, with international operations. Established in 1996, it provides comprehensive financial services, including brokerage, investment banking, and asset management. Serving corporate, institutional, and individual clients, the Group is a top 10 Chinese brokerage, notably leading in Beijing Stock Exchange IPO underwriting. Its focus is on building an integrated financial industry chain and global... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com He Huifeng He Huifeng China’s offshore yuan strengthened further on Thursday, dipping below the benchmark rate of seven against the US dollar – another sign of the currency’s continued appreciation after a brief breach of the same threshold on Wednesday evening. The recent fluctuations mark the currency’s first appreciation past the major psychological marker in 15 months, suggesting a change in market sentiment and providing more support for the global investors and economists who have argued the currency has been... https://www.scmp.com/economy/china-economy/article/3337686/chinas-offshore-yuan-breaks-major-benchmark-appreciation-momentum-builds?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3337686/chinas-offshore-yuan-breaks-major-benchmark-appreciation-momentum-builds?utm_source=rss_feed Thu, 25 Dec 2025 05:42:45 +0000 Zhang Shidong Zhang Shidong Chinese stocks are likely to tread water in the second half as investors refrain from big bets amid a lack of fresh catalysts, according to the nation’s top-ranked brokerages. A deflationary trend and sluggish earnings growth will continue to weigh on yuan-denominated stocks, but state intervention and an economic recovery – albeit weak – will put a floor under the market, according to GF Securities, Industrial Securities and Shenwan Hongyuan Group. China’s benchmark CSI 300 Index barely budged... https://www.scmp.com/business/china-business/article/3316788/chinese-stocks-stagnate-second-half-lack-catalysts-top-brokerages-say?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3316788/chinese-stocks-stagnate-second-half-lack-catalysts-top-brokerages-say?utm_source=rss_feed Thu, 03 Jul 2025 07:30:11 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma Chinese President Xi Jinping called for redoubled efforts in the 12-year-long push to develop a “unified national market”, as Beijing seeks to keep economic growth on track amid persistent global trade uncertainty. “Building a unified national market is a requirement for high-quality development, and the country should strengthen coordination and cooperation,” Xi said at Tuesday’s meeting of the Central Financial and Economic Affairs Commission, according to Xinhua. Xi chairs the commission,... https://www.scmp.com/plus/article/3316628/xi-revives-unified-national-market-push-economic-risks-loom?utm_source=rss_feed https://www.scmp.com/plus/article/3316628/xi-revives-unified-national-market-push-economic-risks-loom?utm_source=rss_feed Wed, 02 Jul 2025 09:00:06 +0000 Zhang Shidong Zhang Shidong Mainland China’s three stock exchanges had a sluggish first half, raising a third of the bounty from initial public offerings (IPOs) in Hong Kong, due to a regulatory crackdown that has hobbled fundraising since August 2023 and left the primary market in the lurch. Some 50 companies raised a combined 33.6 billion yuan (US$4.7 billion) by selling new shares on the nation’s three exchanges, according to data compiled by Bloomberg. That was a third of the US$13.5 billion raised on the Hong Kong... https://www.scmp.com/business/china-business/article/3316519/regulatory-curbs-hobble-mainland-chinas-ipos-ceding-first-half-crown-hong-kong?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3316519/regulatory-curbs-hobble-mainland-chinas-ipos-ceding-first-half-crown-hong-kong?utm_source=rss_feed Tue, 01 Jul 2025 23:30:07 +0000