China stocks down as bank liquidity tightens

SHANGHAI: China stocks fell on Wednesday in thin trade and as liquidity in the banking system tightened. The Shanghai Interbank Offered Rate (SHIBOR), seen as the benchmark interbank rate, has been climbing higher. Three-month SHIBOR hit 4.8559 per cent on ... ( read original story ...)

ANZ completes sale of stake in Shanghai bank

ANZ Bank has agreed to sell its 20% holding in Shanghai Rural Commercial Bank for AUD1.84bn (USD1.41bn). Chinese shipping giant COSCO and Shanghai Sino-Poland Enterprise are taking 10% each. In a statement, ANZ Bank said the move is part of efforts to ... ( read original story ...)

China stocks fall as financial and consumer shares drag

At the close, the Shanghai Composite index was down 2.70 points or 0.08 per cent at 3,297.36. The blue-chip CSI300 index was down 0.32 per cent, with its financial sector sub-index lower by 0.72 per cent, the consumer staples sector down 0.74 per cent ... ( read original story ...)

Additional Support Expected For China Stock Market

(RTTNews.com) - The China stock market bounced higher again on Thursday, one session after it had ended the two-day winning streak in which it had advanced more than 30 points or 0.9 percent. The Shanghai Composite Index now rests just above the 3,300 ... ( read original story ...)

Shanghai Shares: Resistance Expected At 3,300 Points

(RTTNews.com) - The China stock market has moved higher in back-to-back sessions, advancing more than 30 points or 0.9 percent along the way. The Shanghai Composite Index now rests just above the 3,295-point plateau although it's expected to find selling ... ( read original story ...)