Shanghai Bureau Chief
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Oct 10, 2011

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.

Oct 10, 2011

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.

Sep 29, 2011

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.

Sep 29, 2011

“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.

Sep 8, 2011

Three Chinese provinces preparing municipal bonds -paper

BEIJING/SHANGHAI, Sept 8 (Reuters) – Three Chinese provinces
are getting ready to issue bonds directly instead of via the
Ministry of Finance or through separate financing vehicles, an
official newspaper reported on Thursday, the first step toward
the creation of a municipal bond market.

Beijing has for years said it is interested in allowing
provincial, city and other local governments to issue bonds
directly to bring greater transparency to their finances and
discipline to their investments in infrastructure.

Aug 31, 2011

Yuan closes up, scores biggest monthly rise this year

SHANGHAI (Reuters) – China’s yuan closed up against the dollar on Wednesday on expectations the currency will continue to appreciate for the rest of 2011, sealing its biggest monthly rise so far this year.

Beijing has engineered a spurt of yuan appreciation this month by setting a series of strong mid-points, as it looks to employ more tools to fight persistent inflation and work towards its long-term aim of reducing the economy’s reliance on exports.

Aug 23, 2011

China Life H1 profit hit by weak investments

SHANGHAI, Aug 23 (Reuters) – China Life Insurance Co
, the world’s largest life insurer by
market value, posted a bigger-than-expected drop in first-half
net profit, hit by sluggish investment returns from domestic
shares.

By contrast, main rival Ping An last
week reported a 33 percent jump in first-half profit on the back
of strong growth in its banking and property insurance units,
highlighting its successful business diversification strategy.

Jul 27, 2011

China ratings agency puts local financing vehicles on credit watch

SHANGHAI, July 27 (Reuters) – A top Chinese credit ratings
agency has put two local government financing vehicles in the
southwestern province of Yunnan on credit watch, the first such
move since concerns mounted over potential defaults on local
government debt.

China Chengxin International, which is 49 percent owned by
Moody’s, said it was taking the step because certain assets of
the related entities — Yunnan Investment Holdings Group (YIHG)
and Yunnan Electric Power Investment (YEPI) — were expected to
be transferred or restructured.

Jul 22, 2011

Insight: Fake Apple store cuts to core of China risk to brands

SHANGHAI (Reuters) – A fake Apple store in China, made famous by a blog that said even the staff working there didn’t realize it was a bogus outlet, is probably the most audacious example to date of the risks Western companies face in the booming Chinese market.

Few products have captured the imagination of Chinese consumers quite like Apple’s iPhones and iPads. Demand is surging across the country of 1.3 billion people, even hundreds of miles away from the tech giant’s official stores in Beijing and Shanghai.

Jul 22, 2011

Fake Apple store cuts to core of China risk to brands

SHANGHAI, July 22 (Reuters) – A fake Apple store in China,
made famous by a blog that said even the staff working there
didn’t realise it was a bogus outlet, is probably the most
audacious example to date of the risks Western companies face in
the booming Chinese market.

Few products have captured the imagination of Chinese
consumers quite like Apple’s iPhones and iPads. Demand
is surging across the country of 1.3 billion people, even
hundreds of miles away from the tech giant’s official stores in
Beijing and Shanghai.

    • About Jason

      "Jason leads Reuters' coverage of China's financial markets from Shanghai. Prior to moving there at the start of 2010, he reported on the Chinese economy and policy from Beijing, where he lived for a decade."
      Joined Reuters:
      2005
      Languages:
      Mandarin, German
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