The Shanghai Composite Index [SHA: 000001] soared 2.4 percent as of lunch break today, while the Shanghai Stock Exchange Star 50 [SHA: 000688] rose 2.6 percent. The Shenzhen Component Index [SHE: 399001] jumped 2.6 percent, and the ChiNext Index [SHE: 399006] surged 3.5 percent. ( read original story ...)
Chinese financial stocks climb on new wave of stimulus measures
China's financial stocks rallied in Tuesday morning trading after the country's central bank unveiled a sweeping stimulus package aimed at countering the waning economic outlook and restoring market ... ( read original story ...)
China’s stock market soars on Tuesday, buoyed by new package of financial stimulus to stabilize economy
The moves are part of a broader effort to ensure the stable operation of China's capital market, which will bolster the broader economy. Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), ( read original story ...)
China auto association flags concern over dealership losses to government
Money-losing China Grand Automotive Services, the country's second-largest dealership, was delisted from the Shanghai bourse in August after its stock traded below par value for 20 consecutive days. ( read original story ...)
China’s central bank cuts bank reserve rates, pledges other moves to help the economy
The Chinese central bank announced Tuesday a slew of measures aimed at reviving the sluggish economy, mainly by tackling a downturn in the property sector. ( read original story ...)
China’s central bank injects cash, lowers 14-day reverse repo rate
China's central bank supplied 14-day cash to its banking system for the first time in months on Monday and at a lower interest rate, signalling its intent to further ease monetary conditions. ( read original story ...)
Asia: Hong Kong, Shanghai rally on China stimulus on mixed day for markets
People’s Bank of China chief Pan Gongsheng told a news conference ... Hong Kong stocks jumped more than two per cent and Shanghai was up around 0.8 per cent. There were also gains in Tokyo as dealers ... ( read original story ...)