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Latest news and analysis about the benchmark stock indices of the Shenzhen equity market, including the Shenzhen Composite Index, the Shenzhen A-share Index, and the ChiNext market for growth companies.
As Beijing halves stamp duty on share deals to lift investor confidence, Hong Kong is seeking greater liquidity to strengthen its position.
New stock exchange will provide an avenue for innovative domestic companies to raise capital in a country trying to get to grips with fair distribution of wealth
Chinese leaders should learn to publicly communicate their rationale, pay attention to market sentiment and give professionals more latitude to get ahead of issues of global impact.
Stocks pared gains in week as corporate earnings so far from Hang Seng Index members trailed market projection with tech and banks among the biggest culprits.
Hong Kong stocks close at one-week high as Chinese property stocks rally after Shenzhen cuts down payment for second-home buyers.
Hong Kong stocks ended a rangebound trading day on a cautious note, with eyes on pending corporate earnings releases, but Baidu outperformed the broad market after unveiling better than expected results.
Stocks surrendered gains as mainland traders sold local shares for a second consecutive day, offsetting the positive impact of the yuan’s appreciation to a five-month high against the US dollar.
Hong Kong stocks rose, extending last week’s gain, after Chinese regulators said they would support financing activities by property developers, adding to optimism about a stabilisation of economic growth.
Fund manager Cambridge Associates is banking on history repeating itself. Valuations of Chinese stocks are back to late-2018 levels, a possible springboard for a big, fast market rally.
China’s stocks will probably notch up mild gains in 2024, as policymakers’ efforts to spur growth will be partially offset by long-term structural challenges, particularly around debt and deflation, according to Morgan Stanley.
Hong Kong stocks posted the biggest decline in three weeks on Friday, as disappointing earnings from Chinese chip maker Semiconductor Manufacturing International Corp (SMIC) muddied the outlook for corporate earnings.
Hong Kong stocks fell for a third day in a row after data showed both consumer and producer prices slipped last month.
The retreat of 10-year US Treasury yields from 16-year highs could prove to be a blessing for Chinese stocks as it may spur fund flows back into the US$9.6 trillion onshore market.
The city’s benchmark stock index fell before China’s inflation report due on Thursday, with forecasts pointing to deflation. CNOOC, PetroChina and Lenovo led losses, while Longfor and peer developers rallied.
Stocks retreated from a three-week high after a government report showed China’s exports slumped in October by deeper than market expected.
Shares of CICC, Citic Securities and other Chinese brokerages rallied after the regulator proposed easing the risk controls they need to put in place and said it would support mergers and acquisitions among leading players.
Stocks extend a two-week advance as China pledges to boost imports to strengthen ties with its trade partners. Gains are broad-based, across leading technology, insurance and pharmaceutical companies.
Leveraged traders have raised their bets on Chinese stocks in one of Asia’s worst-performing major markets this year, a reflection of the hopes among some investors that there could be a rebound forthcoming.
China’s top three asset-management firms – E Fund, GF Fund and China Asset – are increasingly bullish in their assessment of onshore stocks given the economic recovery and appealing valuations.
Chinese firms’ profits rose by an average 0.5 per cent year on year in the third quarter versus a 9.4 per cent decline in the previous three months. Earnings growth is likely to continue to improve in the fourth quarter, brokerages say.
Overseas investors continued to offload Chinese stocks for a record third consecutive month in October, amid jitters about the country’s wobbly economic outlook and capital flows to higher yielding assets.
China’s biggest money manager E Fund Management will purchase 200 million yuan (US$27.3 million) of its own exchange-traded fund (ETF) product from the open market after a heavy fall in its book value, reflecting the heavy losses suffered by benchmark for the world’s second biggest stock market.
High-Flyer Quant, a leading Chinese hedge fund manager, has suspended its co-founder and senior executive Xu Jin from work due to his ‘improper handling of a family matter’.
Stock buy-backs in Shenzhen by industry bellwethers CATL and Gree are lifting market confidence in Hong Kong. China Life Insurance sheds 0.7 per cent for the biggest drag on the Hang Seng.
The Hang Seng Index drops to near an 11-month low as Chinese sportswear maker Li Ning tumbles 21 per cent after same-store sales fell in the third quarter.
Stock investors enjoy their best day in a week as top tech companies lead a rebound from an 11-month low. China is widening its fiscal deficit with an extra US$137 billion bond issue to strengthen economic recovery.
Central Huijin Investment bought ETFs in yet another bid to bolster the ailing equity market. This follows an investment of US$65.4 million to increase its stake in China’s big four banks two weeks ago.
Stocks tumble towards a one-year low amid concerns about risks in Chinese assets. The yuan’s weakness and heightened geopolitical risks are fuelling risk aversion and capital flight from local markets.
Foxconn’s mainland-listed unit Foxconn Industrial Internet eases by the 10 per cent daily limit in Shanghai, while selling by foreign investors over the past three months reaches 164.2 billion yuan (US$22.4 billion).
Profits for Chinese listed companies are likely to have rebounded in the third quarter, as the government’s campaign to support growth worked its way into corporate earnings and as higher commodity prices boosted profitability at raw-material producers, analysts said as the earnings season gathers steam.
The benchmark Hang Seng Index fell from a five-week high as weak official reports on producer and consumer prices undermined bullish bets on China’s economic recovery outlook.
Hong Kong stocks rose to a five-week high as state-owned fund Central Huijin Investment increased its stakes in the nation’s Big Four banks for the first time since the 2015 market turmoil.