The Shanghai Composite Index had a wild afternoon today, with a sudden, sharp 2.2 percent selloff on heavy volume – bouncing off of 4-month lows, and then an equally sudden recovery. At the end of the day, the Index fell 9.34 points to start the week for ... ( read original story ...)
China stock regulator met investors over IPO concerns amid listings spike-sources
Liu Shiyu, chairman of the China Securities Regulatory Commission (CSRC), held talks with institutions in Beijing, discussing IPOs as well as refinancing, shell company assets and the over-the-counter New Third Board. Stocks in Shanghai slid to a three ... ( read original story ...)
China approves 10 new IPO applications
Five of the firms will be listed on the Shanghai exchange, one on the Shenzhen SME board, and four on the ChiNext, China's NASDAQ-style board. The 10 firms and their underwriters are scheduled to confirm the IPO dates following discussions with the ... ( read original story ...)
China’s property curbs seen giving mainland A shares a boost
“We should never underestimate the power of speculative capital in China.” In 2009, the Shanghai stock market indicator soared 80 per cent buoyed by the inflow of speculative capital. In a research report, the Chinese Academy of Social Sciences ... ( read original story ...)
Bitcoin plummets as China’s central bank launches checks on exchanges
China’s central bank launched spot checks on leading bitcoin exchanges in Beijing and Shanghai, ratcheting up pressure on potential capital outflows and knocking the price of the cryptocurrency down more than 16 per cent. The price of bitcoin touched a ... ( read original story ...)
China stocks fall for second day as more IPOs approved
The blue-chip CSI300 index fell 0.7 percent to 3,334.50 points, while the Shanghai Composite Index lost 0.8 percent to 3,136.75. Analysts said faster approvals of initial public offerings (IPO) and increasing issuance of additional shares by listed ... ( read original story ...)
China Dividend ETFs And No Banking
Consumer sentiment is also rising along with the muted rise of the Shanghai index which shows no sign of a bubble. Some analysts are still concerned about the debt overhang so investors could be interested in ETFs which spread risk and exclude banking and ... ( read original story ...)