SHANGHAI: China stocks ended flat on Wednesday, as strong gains in airline operators and resources firms were offset by weakness in banking stocks with investors awaiting first-half results for some of the country's biggest banks. The blue-chip CSI300 ... ( read original story ...)
China’s postal bank plans Shanghai listing, seeks to raise $785 million
HONG KONG (Reuters) - State-owned Postal Savings Bank of China (1658.HK), the country's biggest lender by branches, said it was planning a Shanghai listing, seeking to raise around $785 million. The move follows its Hong Kong listing last year in which the ... ( read original story ...)
China’s Equity-Market Underdogs Could End the Year in Front
The also-rans of China’s stock rally this year, mainland equities have been ... a phoenix-from-the-ashes revival in what is the world’s second-largest share market. The Shanghai Composite Index is neck-and-neck with the offshore-dominated MSCI China ... ( read original story ...)
Hyatt Regency Shanghai Global Harbor Opens in East China
Hyatt Hotels Corporation (NYSE: H) announced the official opening of Hyatt Regency Shanghai Global Harbor in Shanghai’s Putuo District. Hyatt Regency Shanghai Global Harbor marks the seventh Hyatt-branded hotel in Shanghai, joining Park Hyatt Shanghai ... ( read original story ...)
Financials, strong earnings buoy China stocks, HK also up
SHANGHAI, Aug 28 (Reuters) - Chinese stocks extended a hot summer rally on Monday, spurred by financial shares and forecast-beating results from state industrial giants ranging from coal miner Shenhua to refiner Sinopec. Sentiment was also bolstered by ... ( read original story ...)
Shanghai stocks close higher, a bright spot as Asian markets lose ground
Market participants were watching for implications from developments on U.S. tax policy, in addition to Tropical Storm Harvey’s impact on the global energy market. U.S. gasoline futures rose Monday, while crude oil futures slipped. The Nikkei Stock ... ( read original story ...)
ICBC rises to 9-year high as Shanghai Composite surpasses key resistance
Industrial and Commercial Bank of China, the nation’s biggest lender by assets, rose to a nine-year high in Shanghai, as traders snapped up the cheap index-weighting stock to drive up the equity benchmark past a key resistance level. Shares of ICBC ... ( read original story ...)