“The valuation of Postal Bank is still pretty reasonable after the rally, therefore investors remain pretty bullish about the stock,” said Liao Chenkai, a Shanghai-based analyst with Capital Securitie... ( read original story ...)
China stocks at highest in 2 weeks as c.bank seeks to stabilize yuan
SHANGHAI, Aug 27 (Reuters) - Shares in China ended at two-week highs on Monday, lifted by a stronger yuan after a tweak in the central bank’s management of the currency boosted airline stocks and othe... ( read original story ...)
Asian shares rise on Fed reassurance, China yuan strengthening
SHANGHAI (Reuters) - Asian shares rose on Monday, boosted by record Wall Street highs on Friday after reassuring comments from the Federal Reserve’s chairman, and as stock markets in China gained afte... ( read original story ...)
China central bank signals it doesn’t want a ‘full-scale currency war’
Year-to-date, the Shanghai Composite is down 16%, making it one of the worst-performing global markets, while the yuan has ceded close to 5% against the dollar in that time frame. The No. 1 priority f... ( read original story ...)
China Stock Fund That’s Up 618% Since 2008 Says Stay in Cash
China’s struggling stock market isn’t bottoming out just yet ... those deemed sophisticated enough to invest in products governed by looser rules. The Shanghai Composite dropped 3 percent in the same ... ( read original story ...)
China’s Yuan Steady After Central Bank Signals its Support
Stocks were higher, with the Shanghai Composite Index rising 0.7% and Hong Kong’s Hang Seng Index gaining 1.2%. "The central bank’s statement to support the yuan has boosted market sentiment, which is ... ( read original story ...)
IPO News This Week: Companies Keep Gearing Up for September
In the week ahead only one IPO is on the calendar. Blank-check company Longevity Acquisition plans to raise $40 million by selling 4 million units at $10 per unit. The Shanghai-based company is seekin... ( read original story ...)