The Shanghai Composite index was flat at 3,247.49. Shares in Southeast Asia were mixed. WALL STREET: U.S. stock indexes inched further into ... to fresh highs within the U.S. while the Federal Open Market Committee (FOMC) meeting conclusion overnight ... ( read original story ...)
Asia shares mixed as U.S. Fed caution offsets Wall St, oil gains
HONG KONG -- Asian stock markets are mixed Wednesday ... Hong Kong's Hang Seng index added 0.2 per cent to 26,894.21 and the Shanghai Composite index in mainland China slipped 0.1 per cent to 3,239.62. Australia's S&P/ASX 200 rallied 1 per cent to ... ( read original story ...)
China’s IPO ‘Glut’ And The Case For Stock Market Reform
Lots of IPOs amid market weakness Between the Shanghai and Shenzhen stock exchanges, there were 134 IPOs in the first quarter of 2017 (compared to 24 in the first quarter of 2016) and 115 IPOs in the second quarter of this year. The average IPO rate of ... ( read original story ...)
Moody’s upgrades China’s banking system outlook, first since 2015
SHANGHAI, July 27 (Reuters) - Moody's Investors Service changed its outlook for China's banking system to stable from negative on Thursday, the first revision in two years. As non-performing loans (NPLs) rose at China's lenders amid slowing growth and a ... ( read original story ...)
Bank of Shanghai : Greenland Broad’s controlling holder pledges 90.85m shares
way of first mortgage all the right, title and interest in and to 90.85 million shares, representing about 2.72% of the total issued share capital, in favour of Bank of Shanghai Co., Ltd. Changning Branch as the security for a one-year loan facility of HK$ ... ( read original story ...)
Hang Seng tops 27,000, its highest level in 25 months
The banking giant is scheduled to release interim results next ... Offshore oil producer Cnooc climbed 2.9 per cent at HK$8.82. In the mainland, the Shanghai Composite Index also opened higher and edged up 0.2 per cent to 3,250.86 in early trade. ( read original story ...)
World shares mostly higher as markets await Fed’s decision
HONG KONG – World stock markets were mostly higher Wednesday ... The Fed has already raised rates three times since December and market watchers don't expect another hike until later this year or in 2018. ANALYST VIEW: "Today's FOMC meeting is likely ... ( read original story ...)