SHANGHAI, Nov 17 (Reuters) - Shanghai's stock market fell on Friday, on track to post its biggest weekly loss in three months, with sentiment soured by a sharp correction in alcohol producer Kweichou Moutai, seen as a bellwether among Chinese blue chips. ( read original story ...)
China Takes Rare Step of Warning Investors on Liquor Stock
and that analysts’ share price targets and valuations in the market are "overly high". The stock dropped 2 percent at 9:36 a.m. in Shanghai. Moutai has more than doubled this year, with Goldman Sachs Group Inc. alone raising its target on the company 11 ... ( read original story ...)
Shanghai-owned state firms to boost investments in next five years: city government
Earlier this year, Shanghai made public new reform measures for its state-owned companies, including a pilot scheme of employee shareholding. Local SOEs in Shanghai earned 3.1 trillion yuan last year, with net profit reaching 305.8 billion yuan ... ( read original story ...)
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Each apartment has exquisite interiors, warmth and contemporary elegance. You have needs and dreams for your new homes in Shanghai that's unique for you, Morgen Property is here to create only the best residential solution for you. Dedicated exclusively to ... ( read original story ...)
2017’s first decline in bank loans for property development after state controls chill Shanghai market
Bank loans to local developers in Shanghai recorded their first month-on-month decline for 2017 in October, after a slump in home sales and a bleak outlook curbed the appetite for new construction. Loans to developers declined by 3.6 billion yuan (US$542 ... ( read original story ...)
Hong Kong shares rise, led by Tencent; Shanghai index flat
SHANGHAI, Nov 16 (Reuters) - Hong Kong stocks were firm on Thursday, helped by index heavyweight Tencent Holdings, which surged after posting solid third-quarter results. Stock markets in China were mixed as strength in consumer stocks was offset by ... ( read original story ...)
Huaxia Life expands holding in China Minsheng Bank to 4.13pc
The insurer said it bought 130.8 million A shares of Minsheng Bank in the secondary market in Shanghai last week, representing 0.36 per cent of the lender’s total issued ordinary shares. The purchase price was not revealed. The trades increased Huaxia ... ( read original story ...)