China's opening up its stock market to foreign investors by the Shanghai, Shenzhen and Hong Kong connect programmes, as well as by the MSCI's decision to include China stocks, also helped prompt a rotation into blue chips, Xu added. US index provider MSCI ... ( read original story ...)
Chinese courier ZTO sued for “untrue statements” in $1.4 billion U.S. IPO
ZTO's listing was the largest U.S. listing in 2016 and was the biggest by a Chinese company since the $25 billion IPO of e-commerce giant Alibaba Group Holding Ltd in 2014. Shares in Shanghai-based ZTO closed on Thursday at $15.68, about 20 percent below ... ( read original story ...)
Investors are behaving less like casino punters in China’s stock markets
SHANGHAI/HONG KONG: Retired chauffeur Yao Huiliang used to ... Anthony Cragg, senior portfolio manager at Wells Fargo Asset Management, said the character of China's stock market was changing as domestic investors focused more on whether a company had ... ( read original story ...)
China approves 9 IPO applications
Four companies will be listed on the Shanghai stock exchange, one on the Shenzhen small and medium enterprise board, and four on the ChiNext, China's NASDAQ-style board. The firms and their underwriters will confirm IPO dates and publish prospectuses ... ( read original story ...)
ABB secures power for the Shanghai Stock Exchange
The Shanghai Stock Exchange (SSE) is the world’s fifth largest by market capitalization – or value of the shares – at about US$4.5 trillion and the second largest in Asia. The fallout of a loss of power to keep the information flowing would cause ... ( read original story ...)
China bank watchdog to tighten risk control amid regulatory shake-up
SHANGHAI (Reuters) - China's banking regulator will tighten control over risks in the financial markets, work more closely with the central bank and other regulators, and "resolutely follow" the leadership of a newly-formed financial stability committee ... ( read original story ...)
Shanghai Composite Index Slips Again, But Large Cap Stocks Outperforming
Tibet stocks dominated the market today: The biggest winner on the Shanghai Stock Exchange today was Tibet Tianlu Co., which gained the 10 percent maximum allowable under exchange rules. Tibet Urban Development & Investment Co. was right behind with a gain ... ( read original story ...)