China to set up database to combat insider trading
SHANGHAI, Oct 27 (Reuters) – China’s stock market regulator
will require listed companies to keep records on anyone who may
have access to price-sensitive information, in its latest effort
to crack down on widespread insider trading.
The China Securities Regulatory Commission (CSRC) has been
waging a campaign against rampant market manipulation, insider
trading and other stock market malpractice that have hurt
domestic capital markets and triggered public outcries.
Ping An Q3 profit plunges 44% on acquisition costs
SHANGHAI, Oct 26 (Reuters) – China’s Ping An Insurance
, the world’s second-largest life insurer, posted a
surprise 44 percent slump in third-quarter profit, hit by
one-off costs for its takeover of Shenzhen Development Bank
.
Ping An, in which bank HSBC owns a 15.6 percent
stake, also had to contend with sinking markets.
Yuan edges up, market cautious amid political rows
SHANGHAI, Oct 26 (Reuters) – The yuan was slightly up versus
the dollar by midday on Wednesday, with the market remaining
cautious amid growing pressure from the United States for China
to do more to let its currency strengthen.
The People’s Bank of China (PBOC) has continued to set the
yuan’s daily mid-point at or around record high levels over the
past few days, in what traders interpreted as a gesture ahead of
a Group of 20 summit in France next month that China is willing
to let the currency appreciate.
Yuan ends up as Chinese state banks sell dollars
SHANGHAI, Oct 12 (Reuters) – China’s yuan reversed an
earlier fall to close firmer against the dollar on Wednesday as
state-run Chinese banks sold dollars after the yuan fell to its
lower daily limit on speculation that a U.S. bill prodding China
to let the yuan rise at a faster pace could spark retaliatory
steps.
The People’s Bank of China (PBOC) has at times in the past
engineered declines in the yuan to coincide with U.S.
pressure for it to strengthen its currency, in what analysts
have interpreted as an effort to signal that it will move at its
own pace on the currency, officially known as the renminbi.
Yuan falls on currency retaliation worry, but off daily limit low
SHANGHAI, Oct 12 (Reuters) – China’s yuan fell versus the
dollar on Wednesday on speculation that a U.S. bill prodding
China to let the yuan rise at a faster pace could spark
retaliatory steps, but the currency recovered from its lower
daily limit after government-controlled Chinese banks sold
dollars into the market.
The People’s Bank of China (PBOC) has at times in the past
engineered declines in the yuan to coincide with U.S.
pressure for it to strengthen its currency, in what analysts
have interpreted as an effort to signal that it will move at its
own pace on the currency, officially known as the renminbi.
Yuan falls on trade dispute worries, briefly limit down
SHANGHAI, Oct 12 (Reuters) – China’s yuan fell
sharply in early trade on Wednesday to its lower daily limit
against the dollar, although it later recovered somewhat,
reflecting worries among traders about the potential fallout
from the U.S. Senate passing a bill aimed at pushing China to
let its currency rise at a faster pace.
The People’s Bank of China has at times in the past
engineered falls in the yuan to coincide with U.S. pressure for
it to strengthen its currency, in what analysts have interpreted
as an attempt to signal that it will move at its own pace on the
yuan, also known as the renminbi.
China buys bank shares to prop up market
BEIJING/SHANGHAI (Reuters) – A unit of China’s sovereign wealth fund started to buy more shares in the country’s big banks on Monday, in the clearest sign yet that Beijing is looking to support the country’s struggling stock markets.
China’s benchmark Shanghai Composite Index has shed nearly 17 percent so far this year, dogged by persistent worries over monetary tightening and concern about momentum in the world’s second-biggest economy.
China to prop up market by buying bank shares
BEIJING/SHANGHAI, Oct 10 (Reuters) – A unit of China’s
sovereign wealth fund started to buy more shares in the
country’s big banks on Monday, in the clearest sign yet that
Beijing is looking to support the country’s struggling stock
markets.
China’s benchmark Shanghai Composite Index has shed
nearly 17 percent so far this year, dogged by persistent worries
over monetary tightening and concern about momentum in the
world’s second-biggest economy.
Special Report: “Rats” and “black mouths” gnaw at China stocks
SHANGHAI (Reuters) – Even before China’s great stock market bull run of 2006-2007, Wang Jianzhong had become known as China’s “god of stocks” for his prescient picks.
Such was his influence at the market’s peak that reports by his company, Beijing Shoufang Investment Consulting, republished in dozens of influential newspapers and websites, were themselves often cited as a reason for a particular share price rising.
“Rats” and “black mouths” gnaw at China’s stock market
SHANGHAI, Sept 29 (Reuters) – Even before China’s great
stock market bull run of 2006-2007, Wang Jianzhong had become
known as China’s “god of stocks” for his prescient picks.
Such was his influence at the market’s peak that reports by
his company, Beijing Shoufang Investment Consulting, republished
in dozens of influential newspapers and websites, were
themselves often cited as a reason for a particular share price
rising.

