China markets team leader, senior correspondent, Shanghai, China
Pete's Feed
Jul 2, 2015

Chinese stocks tumble again, ignoring Beijing’s blandishments

SHANGHAI, July 2 (Reuters) – China stocks fell sharply again
on Thursday, fighting off fresh moves by regulators to restore
confidence and raising questions about how much more firepower
Beijing can bring to bear before a full-scale panic sets in.

Shanghai’s benchmark share index crashed below 4,000 points
for the first time since April – a key support level that
analysts said had been seen as a line in the sand that Beijing
had to defend, below which more conservative investors would
start ejecting from their leveraged positions, widening the
rout.

Jun 30, 2015

China steps up support to arrest stock market slide

SHANGHAI, June 30 (Reuters) – China’s efforts to stave off a
crash in the world’s most volatile stock market showed signs of
gaining traction on Tuesday, with the country’s main share
benchmarks surging amid
signs of intensifying government support.

Chinese equity markets have fallen more than 20 percent from
their peak in mid-June, when a year-long rally fuelled by cheap
money shuddered to a halt as a crackdown on leveraged stock
trading triggered panic selling.

Jun 30, 2015

Investors look for govt money as Beijing bids to calm markets

SHANGHAI, June 30 (Reuters) – China’s efforts to stave off a
crash in the world’s most volatile stock market showed signs of
gaining traction on Tuesday, with indexes rallying sharply on
signs of intensifying government support.

Chinese equity markets have fallen more 20 percent from
their peak in mid-June, when a rally fuelled by expectations of
further monetary easing from the People’s Bank of China (PBOC)
shuddered to a halt.

Jun 30, 2015

China stocks ride roller coaster on Tuesday as investors look for bottom

SHANGHAI, June 30 (Reuters) – China stocks plummeted and
then rallied again in a highly volatile session on Tuesday,
shrugging off regulatory attempts to pacify a tumbling market as
rumours swirled about backdoor interventions from Beijing.

Chinese equity markets have fallen more 20 percent from
their peak in mid-June, with the Shanghai Composite Index
punching through a psychological support level on Monday
at 4,000 points, which Bank of America Merrill Lynch analysts
warned was a “risk zone” that could trigger more conservative
margin traders to eject from their positions.

Jun 29, 2015

China stocks slide despite calming efforts

SHANGHAI (Reuters) – China’s stock markets closed sharply lower on Monday after a frantically volatile day of trading, despite surprise monetary easing moves by the central bank at the weekend.

The People’s Bank of China had said one of the goals of Saturday’s decision to cut both lending rates and reserve requirements at some banks was to stabilize stock market fluctuations, but Monday’s trade saw wild swings.

Jun 29, 2015

China stocks continue slide despite calming efforts

SHANGHAI, June 29 (Reuters) – China’s stock markets closed
sharply lower on Monday after a frantically volatile day of
trading, despite surprise monetary easing moves by the central
bank at the weekend.

The People’s Bank of China had said one of the goals of
Saturday’s decision to cut both lending rates and reserve
requirements at some banks was to stabilise stock market
fluctuations, but Monday’s trade saw wild swings.

Jun 29, 2015

China stock markets uneasy with policy easing, slump over 3 percent, drag on HK

SHANGHAI, June 29 (Reuters) – Chinese stock markets showed
no signs of relief on Monday after a surprise double-barrelled
policy easing by the central bank, with indexes ending a wild
roller-coaster morning session down more than 3 percent.

The People’s Bank of China (PBOC) said one of the goals of
the weekend policy adjustments, which included simultaneous cuts
to interest rates and a targeted reduction to some banks’
reserve requirements, was to calm stock market fluctuations.

Jun 28, 2015

China’s easing may prop up stocks, but risks rewarding speculators

SHANGHAI (Reuters) – China’s monetary easing at the weekend was aimed at stopping a stock market stampede, but has some economists worried that policy is being used to prop up an equity rally that was not based on fundamentals and has not done much economic good.

Yet, they have also warned that not taking action could have major impact on investor sentiment and do disproportionate damage to the wider economy.

Jun 28, 2015

China regulators juggle IPOs with growth and a market plunge

SHANGHAI (Reuters) – A 20 percent fall in Chinese stocks over the past two weeks, mainly blamed on a flood of initial public offerings, highlights the risks that regulators face as they try to use the stock market to support the slowing economy.

The central bank cut interest rates and bank reserve requirements on Saturday, which analysts say is mainly aimed at restoring investor confidence in the market after key indexes fall over 7 percent on Friday, the biggest one-day fall since the global financial crisis.

Jun 26, 2015

HSBC ends sponsorship tie-up with Markit for China PMI, emerging markets indexes

SHANGHAI/HONG KONG (Reuters) – HSBC (HSBA.L: Quote, Profile, Research, Stock Buzz)(0005.HK: Quote, Profile, Research, Stock Buzz) has ended its marketing tie-up with financial information firm Markit Ltd (MRKT.O: Quote, Profile, Research, Stock Buzz), both companies told Reuters on Friday, winding down a five-year relationship that some industry insiders said may have become too expensive and a potential political liability for HSBC in China.

Markit and HSBC spokespersons said that HSBC had ended its sponsorship of the closely watched China Purchasing Managers Index (PMI) CNPMIC=ECI and of other emerging markets indexes compiled by Markit.

    • 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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