Ten years later, almost to the date, PetroChina’s Shanghai-listed shares have dropped by a staggering 82 percent since the IPO, wiping out shareholder value of $800 billion, Bloomberg calculated. That’s more than the current market capitalization of ... ( read original story ...)
Shanghai stocks fall as economy, liquidity concerns resurface
Shanghai-based strategist at CIB Research. In the stock market, the impact of rising yields "is being gradually felt," he said. But a correction in China's A-shares could be seen as a bargain-hunting opportunity for some overseas investors. Foreign ... ( read original story ...)
Biggest stock collapse in world history: This company has lost $800B in market value — and it’s still not a buy
It’s going to take more than the biggest stock slump in world history to convince ... When it listed in Shanghai in 2007, bubbles in both oil and the Chinese equity market were primed to burst, while the global financial crisis was just around the ... ( read original story ...)
Hong Kong stock market a top global performer
Nearly 90 percent of Chinese mainland investors started to invest in the Hong Kong market in the past three years. This indicates that programs of the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect, launched in 2014 and 2016 ... ( read original story ...)
Exclusive: China’s CEFC Plans Its оwn Bank, As Rоsneft Stake Bulks Up Trade
But thе Shanghai-based companу’s rapid ascent has prompted some international bankers and traders tо warn about its lack of transparencу, and dealings with sanctioned Russian firms. A CEFC-controled bank is expected tо win Chinese regulatоrу ... ( read original story ...)
Exclusive: China’s CEFC plans its own bank, as Rosneft stake bulks up trade
But the Shanghai-based company's rapid ascent has prompted some international bankers and traders to warn about its lack of transparency, and dealings with sanctioned Russian firms. A CEFC-controled bank is expected to win Chinese regulatory approval early ... ( read original story ...)
UPDATE 2-China c.bank tries to calm nervous bond market as risks loom
"It is hard to sell credit bonds but I expect them to re-price based on the moves in the government bonds," said a Shanghai-based trader at a European bank. Some market watchers say the sell-off in the bond market may have been been overdone. "Yields are ... ( read original story ...)