China markets team leader, senior correspondent, Shanghai, China
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Nov 26, 2014

China stocks lifted by brokerages, Hong Kong index edges up

SHANGHAI, Nov 26 (Reuters) – China stocks rose on Wednesday,
due to gains for brokerages and other finance-sector shares that
continue to welcome the central bank’s surprise interest rate
cut on Friday.

The CSI300 index was up 0.7 percent, to 2,704.11
points, at the end of the morning session, while the Shanghai
Composite Index gained 0.5 percent, to 2,580.85 points.

Nov 25, 2014

Shanghai shares hit highest since Aug 2011; Hong Kong consolidates

SHANGHAI, Nov 25 (Reuters) – Shanghai’s stock index reached
a multi-year high on Tuesday as investors remained optimistic
that China shares will get more policy support following the
central bank’s surprise cut in lending rates.

However, Hong Kong shares were down at midday. Analysts said
investors there were more cautious and consolidated positions
after Monday’s gains.

Nov 25, 2014

China cuts key short-term money rate as Beijing pushes down cash costs

SHANGHAI (Reuters) – China’s central bank lowered the yield for a key short-term money rate on Tuesday, the fourth time it has done so this year, as regulators step up efforts to reduce funding pressure for Chinese companies.

The reduction, announced on its website (www.pbc.gov.cn), follows a surprise cut to benchmark lending rates on Friday to support the cooling economy, which has stimulated stock markets in China and abroad, depressed domestic bond yields and put downward pressure on the yuan currency.

Nov 24, 2014

China stocks rise after surprise rate cut, yuan drops

HONG KONG/SHANGHAI, Nov 24 (Reuters) – Chinese stock rose,
with a key index hitting a three-year high, while bond yields
fell on Monday, as markets cheered a surprise rate cut that
investors hope may signal the start of a fresh cycle of
aggressive policies to boost flagging growth.

The People’s Bank of China bank cut one-year benchmark
lending rates by 40 basis points to 5.6 percent late of Friday,
taking by surprise market participants who had predicted more
covert policy easing measures such as liquidity injections.

Nov 23, 2014

China rate cut knocks legs from under yuan rally, more volatility seen

SHANGHAI, Nov 23 (Reuters) – China’s surprise interest rate
cut is another step toward softening the country’s exchange
rate, setting the yuan on course to end the year lower for the
first time since its landmark revaluation in 2005.

The People’s Bank of China (PBOC) cut one-year benchmark
lending rates on Friday, a move celebrated by Chinese corporates
struggling against a toxic combination of high debt load and
weak end demand.

Nov 14, 2014

China gives tax breaks on Hong Kong-Shanghai stock link

SHANGHAI/HONG KONG, Nov 14 (Reuters) – China will
temporarily exempt taxes on profits made from a landmark scheme
linking the Shanghai and Hong Kong stock exchanges, the finance
ministry said on Friday, removing a potential stumbling block
for global investors eager to directly buy Chinese stocks for
the first time.

Market players cheered the announcement, though Chinese
regulators left themselves wiggle room to apply a tax to foreign
investors at a later date.

Nov 14, 2014

Mainland investors to sit out first dance on Hong Kong stock connect

SHANGHAI, Nov 14 (Reuters) – Monday’s launch of the stock
connect scheme allowing Hong Kong and Shanghai investors to
trade on each other’s bourse will be a mostly one-way street,
with foreign money pouring into China, but little to entice
mainland cash southwards for now.

Foreign stock exchanges have long been hoping to attract a
share of China’s massive personal deposits – worth 50.4 trillion
yuan ($8.23 trillion) in September – but mainland investors have
been unmoved.

Nov 14, 2014

Chinese money rates fall as hidden injections keep cash abundant

SHANGHAI (Reuters) – China’s money rates dropped slightly this week from already low levels last week, buoyed by an abundance of liquidity in the markets amid fresh talk of regulatory cash injections, traders said.

There was speculation on Thursday that the People’s Bank of China (PBOC) had injected more than 10 billion yuan ($1.63 billion) into urban commercial banks via a new policy tool known as medium-term lending facility (MLF), traders said.

Nov 14, 2014

China stocks mixed as investors hold back before SH-HK connect launch

SHANGHAI, Nov 14 (Reuters) – China stocks were mixed on
Friday, with profit-taking in financial shares weakening
mainland indexes, while Hong Kong was little changed despite
weakness in oil-related shares after U.S. crude futures dropped.

The CSI300 index fell 4.13 points, or 0.16
percent, to 2,575.62 at the end of the morning session, while
the Shanghai Composite Index lost 12.89 points, or 0.52
percent, to 2,472.71. The Hang Seng index added 18.29
points, or 0.08 percent, to 24,038.23.

Nov 12, 2014

Retail investors finally buy blue chips, but for how long?

SHANGHAI, Nov 12 (Reuters) – Chinese retail investors are
finally buying domestic blue-chip stocks, but not in the way
Chinese authorities have long hoped.

Regulators have for years failed to convince retail
investors who dominate the domestic stock markets to stop
speculating on small caps and buy undervalued blue chips.

    • About Pete

      "Pete Sweeney is Senior Markets Correspondent at Reuters, focused on bond, forex, interbank and equities markets. Previously editor of China Economic Review, a Hong Kong-based monthly magazine focused on providing news and analysis on the mainland economy. Sweeney came to China as a Fulbright scholar in 2008, and conducted research on Chinese business policy in Hangzhou, Harbin and Chengdu. He has also lived and worked in Belgium, Ecuador and the U.S. He speaks Chinese, at the expense of his Spanish."
      Joined Reuters:
      March 2012
      Languages:
      Mandarin, Spanish
      Awards:
      Fulbright Scholar
      Foreign Languages and Area Studies Scholar
      Boeing Merit Award
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