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.
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.
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.
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.
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.
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.
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
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.
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.
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.